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Gelneren [198K]
2 years ago
14

"Price gouging" is when a seller responds to high demand by charging as much as they possibly can, even if that price exceeds wh

at most people think is reasonable. The average consumer thinks that price gouging is unfair. Some even think it should be illegal. But most economists think it is an efficient response to the market. What do you think? Should price gouging be illegal? Is it fair?
Business
1 answer:
Kamila [148]2 years ago
6 0

Answer:

Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.

From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.

Explanation:

Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.

From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.

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If the economy is experiencing an inflationary gap, the Fed should conduct ______ monetary policy to ______ aggregate demand.
Romashka [77]
The answer is Contractionary and Decrease
6 0
2 years ago
The Blooming Flower Co. has earnings of $1.48 per share. a. If the benchmark PE for the company is 15, how much will you pay for
marshall27 [118]

Answer:

$22.20

Explanation:

Using the equation to calculate the price of a share of stock with the PE ratio:

P = Benchmark PE ratio * EPS  

So, with a PE ratio of 15  

P = 15*($1.48)

P = $22.20

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3 years ago
Why do some people fear facilitating meetings?
ANEK [815]

The answer is B. Many people fear that they do not have the necessary leadership skills

4 0
2 years ago
What is the main message of the final cartoon in this chapter in the section on final advice on project management?
Serhud [2]

Follow best practices and keep a sense of humor follow best practices and keep a sense of humor. Project management entails the planning and organizing of a company's resources in order to complete a certain work, event,  or duty. It can be a one-time project or a continuous effort, with resources such as staff, funds, technology, and intellectual property controlled.

In other words, the goal of project management is to plan and manage a project practices so that its stated goals and deliverables are met. It entails detecting and controlling risks, as well as cautious resource management, prudent budgeting, and good communication across numerous teams and stakeholders.

To learn more about  project management, click here.

brainly.com/question/17313957

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4 0
1 year ago
The nurse is assessing a client who had knee replacement surgery. which assessment finding gathered by the nurse is an example o
schepotkina [342]

If the nurse is assessing a client who had knee replacement surgery. The  assessment finding gathered by the nurse is an example of subjective data is: <u>The client's pain is 7 on a scale of 1 to 10.</u>

<h3>What is knee replacement surgery?</h3>

Knee replacement surgery can be defined as the process carried out by surgeon to replace a damage knee.

A Subjective data on the other hand can be defined as the  information  a client or patient tell the  nurse by the client, such as the client's  as the following:

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Therefore If the nurse is assessing a client who had knee replacement surgery. The  assessment finding gathered by the nurse is an example of subjective data is: <u>The client's pain is 7 on a scale of 1 to 10.</u>

<u></u>

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1 year ago
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