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3 years ago

When a binding price ceiling is imposed on a market to benefit buyers,

Business

1 answer:

Nostrana [21]3 years ago

5 0

Answer:

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

When a binding price ceiling is imposed, there would be an excess of demand over supply. this would lead to a scarcity. As a result, some buyers would not b able to buy any amount of good

Effects of a price ceiling

It leads to shortages
it leads to the development of black markets
it prevents producers from raising price beyond a certain price
It lowers the price consumers pay for a product. This increases consumer surplus

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A factory produces gadgets that have two key parts. The factory can employ workers to attach those parts, or it can employ robot

Aleksandr [31]

Answer:

Substitutes

Explanation: A Substitute is a term used to describe a replacement for another,it is used to describe two or more items or materials or things that perform similar Activities and roles.

BOTH THE HUMAN WORKERS AND ROBOTS CAN BOTH BE ENGAGED TO ATTACH THE PARTS,WHICH MEANS IN THE ABSENCE OF ONE THE OTHER CAN CARRY OUT THE RESPONSIBILITY OF THAT ONE.

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3 years ago

True or False: Using specific position titles in ICS helps to describe the responsibilities of the position.

Mila [183]

Answer:

True

Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.

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3 years ago

Read 2 more answers

Which of the suggestions do NOT rely on the support of a parent or guardian?

nlexa [21]

Answer:

- Chipping away at student loans or getting a secured credit card.

Explanation:

The suggestion that does not depend on the support of a parent or guardian would be 'chipping away at the student loans or getting a secured credit card' as it lays the responsibility on the shoulders of the student which does not require parents' backing. The supportive parents always tend to offer every possible opportunity to their child upto the extent they can afford to provide a better experience and future to their kid.

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3 years ago

While studying the process, it became evident to the team that people and equipment were not optimally positioned. Which process

Verizon [17]

Answer: Spaghetti map

Explanation:

A spaghetti map refers to as a visual representation that makes use of a continuous flow line that's used in the tracing of an activity for a particular process.

Since the people and equipment were not optimally positioned, the process map that would best help the team address this issue is the spaghetti map. It's vital as it helps in identification of workflow redundancies.

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3 years ago

You are the vice president of a computer sales company. You could save significant money by firing one of two employees who serv

patriot [66]

Answer:

I would fire Gary.

Explanation:

Even if Gary has a better sales record, he seems to be unable to keep good personal relationships, both with coworkers and clients. This in the long-run could become more problematic and lead to a decline in sales record, and also, a decline in other areas.

Brenda, on the other hand, needs to improve her sales record, but she has strong interpersonal skills that give her an advatange. It is easier to teach a person how to sell than how to be a well-mannered person, therefore, in theory, if should not be so difficult to help Brenda reach higher sales.

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3 years ago