Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
The correct answer for the question that is being presented above is this one: "Monopolistic competition." A market structure with a large number of sellers who make differentiated products is called monopolistic competition. Monopolistic Competition refers to a type of imperfect competition<span> such that many producers sell products that are differentiated from one another.</span>
Answer:
Explanation:
Podcasts are usually means by which organizations avoid regulatory bodies, such as American Federal Communications Commission (FCC), that would not allow a program to be broadcast in traditional media.
Podcasts create brand fanatics. This is the essence of long-form content marketing. Each time a customer listens to a podcaster speak with authority, the podcaster is establishing himselves as a thought-leader.
Podcasting is an unconventional way of informing the public of new drugs and processes to improve medical awareness.
These podcasts enable health and wellness education to be widely accessible.
Politicians also explore political themes,provide the public with Presidential addresses, speeches, and press briefings using podcasts.
Answer: Leader-member exchange
Explanation:
Leader member exchange is the situation where the leader of a group or facility gets to introduce himself to a group; old or new, for business, instructions as regards their dealings and other things hey be doing.
Jonathan applied the leader member exchange when he wanted to know and present his offer to them.
