The question asks which of the following, but there are no choices. I don't know if it is supposed to be answered in context to a specific situation, so I'll just explain what happens with price ceilings in general.
Assuming the government sets the ceiling below the equilibrium price (where supply and demand cross), demand will be higher while supply will be lower. This is due to the fact that consumers want to buy more since the drinks are cheaper, and producers want to produce fewer bottles since they are not making as much money. This creates a shortage.
The new quantity supplied will be where the supply curve crosses the horizontal price ceiling line, and the new quantity demanded will be where the demand curve crosses the price ceiling.
If we were to draw the graph of supply and demand, the area to the left of the equilibrium point and between the supply and demand curves represents total surplus. The area above the equilibrium price (NOT the price ceiling) and below demand is consumer surplus because there is extra value that consumers are willing to pay, however they don't have to because the price is lower. The area below the equilibrium price and above supply is producer surplus because The price is higher than the minimum value the producer has for the product.
That being said, with a price ceiling in place, the new price is lower and the quantity supplied is less. That means that there is less total surplus. This results in deadweight loss.
The correct answer is D. learn to do a task independently.
Just took the pf test and got 100%
Generally, you should leave about 3 seconds worth of your current speed's distance ahead of you. For example, if you were traveling at 55mph, you would be going at about 81 feet per second. That means you should leave approximately 243 feet between yourself and the vehicle in front of you.
1.Margaret most likely invested in a D. BondA bond is a type of investment in which an investor will give a form of loan to another entity and that entity has to give back a certain amount of return with a a variable or fixed interest rate for the Revenue of the investor.
2.I believe the answer is C. c. Blackshear Bank is a for-profit business and therefore must charge more interest on loans to be able to pay interest on desposits and still make money.The difference of 5% in interest rates would act as the profit for the BlackShear bank. By designing the interest rates this way, the Blackshear bank will sure to obtain the 5% profit as long as they managed to keep the amount of loan similar to the amount of saving in their bank.
3. Bully has most likely invested in a. stockA stock is considered as a high risk investment because the amount of profit that investor get will be heavily dependend on the company's performance. Since there is no guarantee that the company could win against the competitors, the investors could lose their investment any time.
4. An advantage to investing in a mutual fund is C. An advantage to investing in a mutual fund isa Mutual fund will collect sum amount of money from various investors then spread the money all round into various portofolios. Because of this portofolios, if one investment is loss, the investors will have other investment that could produce a profit.
5. Marsha's card most likely has B. compound interest.The percentage of a compound interest will stay the same throughout the agreement period. But,the accumulated interest from the previous period will be added up to the total interest calculation, which will make the total interest keep increasing over time.
6. The cost of an insurance policy is known as the A. PremiumBy buying the premium, the insured has transfer a certain risk to the insurer. Usually, The terms and condition of the insurance will be handed out by the insurer before the insured signed the contract.
