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kozerog [31]
2 years ago
6

1. What is the impact of government created price ceilings on the market place?

Business
1 answer:
makkiz [27]2 years ago
4 0

Answer:

They create shortages in the market

Explanation:

A price ceiling refers to the maximum amount that sellers are legally allowed to charge for products are services. The government uses price control to regulate prices when it feels they are rising at a fast rate. The price ceiling is set at a lower level than the equilibrium price as the government tries to tame rising prices.

The price ceiling brings about a shortage in the market. Suppliers will shy away from the market as the reduced price may not meet their cost. Price ceiling reduces supplier profits margins, which discourages supply.

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Volatility in the markets invested in because it leads to large fluctuations in capital which can lead to gains but also big losses
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What do you think happens to the price of an object as it goes through a large number of intermediaries?
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7 0
3 years ago
Read 2 more answers
Lexis Company purchased equipment on January 1, 2012 for $35,500. The estimated useful life of the equipment was 7 years and the
Naddik [55]

Answer:

The depreciation expense for 2015 is $2,000

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ useful life

= ($35,500 - $4,000) ÷ 7 years

= 4,500

The depreciation for three years would be

= 4,500 × 3 years

= $13,500

The remaining amount would be

= $35,500 - $13,500

= $22,000

So, the depreciation expense for 2015 would be

= ($22,000 - $4,000) ÷ 9 years

= 2,000

7 0
3 years ago
Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital
AleksandrR [38]

Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

So on his income from capital gain that is 34,000 dollars no tax will be charge. However the remaining income is subject to income tax that is (36000-34000)= 2000 dollars. So Cason is liable to pay tax equals to 200$. (2000*10%)

As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

5 0
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