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nlexa [21]
3 years ago
6

Governments often implement price ceilings to protect consumers from the high prices of essential goods and services that freque

ntly
follow natural disasters. One unfortunate side effect of these price ceilings is that they will likely (1 point)
fallinn to their poilibrium level
Business
1 answer:
algol133 years ago
7 0

Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.

  • The measure of imposing price in market are rare but are notably used during natural disasters.

  • Price ceiling helps to prevent the producers from exploiting the consumers.

In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.

Learn more about Price ceiling here

<em>brainly.com/question/8868002</em>

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Sheldon Company began Year 1 with $1,900 in its supplies account. During the year, the company purchased $5,600 of supplies on a
nataly862011 [7]

Answer:

Sheldon's financial statement for year 1 would show;

Supplies inventory =

Supplies expense =

Account payable =

Explanation:

Supplies account at the beginning of the year = $1,900

Purchases during the year= $5,600

Payment during the year = $2,800

Supplies counted at the end of the year = $3,300

Supplies used in year 1 = $1,900 + $5,600 - $3,300

= $4,200

Account payable at the end of the year = $4,200 - $2,800

= -$1,400

6 0
2 years ago
In 2018, Rachel received a $1,900 refund of state income taxes that she paid in 2017. In 2017, Rachel claimed itemized deduction
Akimi4 [234]

Answer:

$1,100

Explanation:

The amount which Rachel must include in her 2018 gross income would be computed by applying an equation which is shown below:

= Itemized deductions - standard deductions

= $6,900 - $5,800

= $1,100

The $1,100 would be included in the $1,900 refund which is presented in her 2018 gross income.

The excess amount between itemized deductions and standard deductions would indicate the extra refund amount which is already included in its $1,900 refund amount

8 0
3 years ago
What is the anser to -2+1=
Serhud [2]

Answer: -1

Explanation: Maffs

5 0
2 years ago
Read 2 more answers
What do you think are some of the risks and challenges associated with performing so many hypothesis tests? what would you do to
Aloiza [94]

The risks and challenges associated with performing so many hypothesis tests nearly all null hypotheses are false on a priori grounds.

A hypothesis is a supposition, an idea put forward for the purpose of discussion, that can be tested to see if it is true. Hypotheses are formed before the is implemented.

Hypotheses are usually written as if/then statements. B. If someone eats a lot of sugar, they will get cavities in their teeth. These statements identify a particular variable (in this case, eating a lot of sugar) and imply an outcome (in this case, the tooth develops cavities).

Hypotheses are used to define the relationship between two variables in an experiment. The purpose of a hypothesis is to find an answer to a question. Formalized hypotheses make us think about what kind of results we should be looking for in our experiments. The first variable is called the independent variable.

Learn more about Hypotheses brainly.com/question/11555274

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6 0
2 years ago
A balanced economy generally has which economic state​
andreev551 [17]

Answer: A balanced economy generally has neutral economic stance.

Explanation:

A balanced economy generally has neutral economic stance. This means a balanced economy is one in which the finance of the economy I.e both the imports and exports are in equal proportion.

7 0
3 years ago
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