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irinina [24]
3 years ago
10

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

Business
1 answer:
Nostrana [21]3 years ago
5 0

Answer:

D

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

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

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Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

Explanation:

<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects. </em>

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

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3 years ago
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On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase wa
marissa [1.9K]

Answer:

a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.

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The adjusting entry is shown below:

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An important role that IS plays in management control processes includes: Communication Conversion Management Transformation Imp
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An important role that IS plays in management control processes includes is Communication.

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Learn more about management from

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<u />

Hope this helps!

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