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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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In the context of experimental research, the logic of random assignment is

zimovet [89]

The answer to this question is: <span>groups have equal and balanced composition.
</span>Which means that each groups in experimental research are not displaying the too mcuh difference in term of average characteristics.
This will make sure that the data that acquired during the research are stable and can be trusted (not affected by a special variance)

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3 years ago

The Office of Management and Budget ______. Group of answer choices

Serga [27]

Answer Choices:

A. is staffed by accountants, economists, tax lawyers

B. keeps Congress well informed on international affairs

C. was created by Article III of the Constitution

D. consents to treaties and trade agreements negotiated by the President

Answer:

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3 years ago

Read 2 more answers

Examples of company-wide applications, called legacy applications, include order processing systems, payroll systems, and compan

arlik [135]

The given statement "Examples of company-wide applications, called legacy applications, include order processing systems, payroll systems, and company communications networks" is False.

<h3>What is an enterprise application?</h3>

A big software system platform known as an enterprise application (EA) is intended to run in a corporate setting, such as a business or government. EAs are mission-critical, complicated, scalable, distributed, and based on components.
For instance, Salesforce is a platform for customer relationship management that links teams in sales, marketing, commerce, and customer service.
Microsoft Office 365 is a productivity cloud that includes Word and Excel as well as additional programs for device management, security, and other things.

Learn more about the enterprise application with the help of the given link:

brainly.com/question/15700448

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2 years ago

Cono-Cool air conditioners cost $350 to purchase, result in electricity bills of $160 per year, and last for 5 years. Luxury Air

tatuchka [14]

Answer:

a) The equivalent annual costs of the Econo-Cool models= $436.50

b) The equivalent annual costs of the of Luxury Air models = $515

c)Econo-cool model

d 1 .(i) $464.15

(ii) $597.95

d 2 . Econo-cool model

Explanation:

a) Econo-cool model

Purchase price= $350

Discount =21%

Electricity bill= $160 per year

Annual cost per year will be

$350 * 79/100 =$276.50 ------after applying the 21% discount

$276.50+$160 =$436.50 -------after adding electricity cost per year

The equivalent annual costs of the Econo-Cool models= $436.50

b) Luxury Air Models

Purchase price at the shop=$550

Discount =21%

Buying price =79/100*$500 = $395

Electricity cost = $120 per year

Annual cost = $395+$120 =$515

The equivalent annual costs of the of Luxury Air models = $515

c) The Econo-cool model

d (1) Econo-cool model

$350 *110/100 =$ 385 -----due to inflation

Apply the discount = 385*79/100 =$304.15

Add the cost of electricity = $304.15+$160 =$464.15

For Luxury Air model

$550*110/100 =$605

Apply the discount = $605*79/100 =$477.95

Add electricity bill = $477.95 +$120 =$597.95

d(2) Econo-cool model

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3 years ago

If labor productivity growth slows down in a country, this means that the growth rate in ________ has declined.

FromTheMoon [43]

A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.

<h3>What is the labor productivity growth?</h3>

This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.

It is what causes them to produce more than they would given the number of work hours available.