1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solniwko [45]
2 years ago
13

In response to a shortage caused by the imposition of a binding price ceiling on a market,

Business
1 answer:
Margaret [11]2 years ago
6 0

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

You might be interested in
Mary agrees with this logic: if all violins are musical instruments, and if all musical instruments make noise, then all violins
Nata [24]
<span>Based on this information, we would conclude that mary is in the concrete operational stage of development. The concrete operational stage of development is the third stage of Piaget's theory of cognitive development. In this stage it shows how someone starts thinking as a child grows up and it relates to logical thoughts as they get older. </span>
7 0
4 years ago
Company Baldwin invested $50,460,000 in plant and equipment last year. The plant investment was funded with bonds at a face valu
Zielflug [23.3K]

Answer:

a. true

b. false

c. true

d. false

e. true

f. false

g. true

h. true

Explanation:

a. we solve for depreciation

$50,460,000/15

= $3364000

this is true

b. retained earnings have no roles to play in this option. false

c. The long term debt has been sen to chaange by

50460000-16741282

= $33718718

true

d. This is false retained earnings have no role to play here.

e. This is true because this is the amount that was used to purchase the plant

f. false since retained earning has nothing to do here.

g. this is true also. the face value of the bond is $33,718,718.

h. this is true. since palnt and equipment is $5046000

8 0
3 years ago
An economy produces final goods and services with a market value of $10,000 billion in a given year, but only $8,500 billion wor
Ghella [55]

$5000 is the GDP

Explanation:

GDP calculates the value of final goods and services produced in a given year. The value of goods and services produced is included in GDP measurement and not the value of goods and services sold.

GDP is the largest quantitative measure in the overall economic output of any country.In fact, GDP measures the monetary value of all goods and services produced over a given period within a country's geographical boundaries.

The GDP per capita ratio to the entire region's population is the average standard of living.

3 0
3 years ago
If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately
Elena L [17]
The answer is 3 standard deviation of the population mean
3 0
3 years ago
Society suffers a deadweight loss in a pure-monopoly market because
nekit [7.7K]
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
8 0
3 years ago
Other questions:
  • According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
    9·1 answer
  • Upvoting! Companies use ____ to determine the quantity of a product that must be sold before the seller makes a profit.
    13·1 answer
  • The Jones State Bank is planning to add a branch office on the west side of Edmond, Oklahoma. The bank has done a study and foun
    10·2 answers
  • Although maybelline would like to use ____ as a consumer sales promotion method, this method has extremely high labor costs that
    12·1 answer
  • Are people’s needs limited?
    5·2 answers
  • Seeing an apple (for Macintosh) or the Marlboro Man may make it easier for consumers to remember and consider these brands when
    5·1 answer
  • Given the rapid advancements in technology in developed countries and fast pace of globalization, it is not possible to bridge t
    9·1 answer
  • A grocery store has an average sales of $8000 per day. The store introduced several advertising campaigns in order to increase s
    6·1 answer
  • Bryan invested in bryco stock when the firm was financed solely with equity. the firm now has a debt-equity ratio of .3. to main
    11·1 answer
  • If athletes choose to use supplements despite the known risks, usada currently recognizes ___________ as the third-party program
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!