All categories

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

You might be interested in

While information systems can be used to gain a strategic advantage, they have inherent risks. Hershey Foods, for example, cripp

Angelina_Jolie [31]

Answer:

Letter B is correct

Explanation:

By poorly implementing an information system, the company is at risk of failures in its process, as was the case with Hershey Foods. Lack of information availability is a risk that occurs when the system does not effectively present the information required for tasks to be performed correctly. To prevent this from happening, an information system must always be reviewed and updated periodically to align with the company's strategy.

5 0

3 years ago

IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5% interest. IBM would record this loan

Olenka [21]

Answer:

B. Notes Receivable.

Explanation:

Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable

Therefore it is a note receivable

Hence, the option b is correct

and, the same is to be considered and relevant

4 0

3 years ago

Contact Process: What safety, cost, or other considerations prevent most industrial applications from using the most ideal condi

Margaret [11]

So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.

5 0

4 years ago

When consumers do not directly experience a reward or punishment to learn but instead observe the outcomes of others' behaviors

tekilochka [14]

When consumers do not directly experience a reward or punishment to learn but instead observe the outcomes of others' behaviors and adjust their own accordingly, the type of learning that has occurred is B. vicarious learning

<h3>What is Learning?</h3>

This refers to the process or situation where a person constantly improves himself by being taught new things.

Hence, we can see that when consumers do not directly experience a reward or punishment to learn but instead observe the outcomes of others' behaviors and adjust their own accordingly, the type of learning that has occurred is B. vicarious learning

Read more about vicarious learning here:

brainly.com/question/26573755

#SPJ4

8 0

1 year ago

Given the following data for Harder Company, compute cost of goods manufactured:

Slav-nsk [51]

Answer: Cost of goods manufactured = $520000

Explanation:

Given that,

Direct materials used = $120,000

Beginning work in process = $20,000

Direct labor = $200,000

Ending work in process = $10,000

Manufacturing overhead = $180,000

Beginning finished goods = $25,000

Operating expenses = $175,000

Ending finished goods = $15,000

∴ Cost of goods manufactured = Direct materials used + Beginning work in process + Direct labor - Ending work in process + Manufacturing overhead + Beginning finished goods - Ending finished goods

= $120,000 + $20,000 + $200,000 - $10,000 + $180,000 + $25,000 - $15,000

= $520000

7 0

3 years ago