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Alex_Xolod [135]
2 years ago
8

Consider again the price control described in the last question. Let's assume that the price control

Business
1 answer:
77julia77 [94]2 years ago
3 0

If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.

If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.

<h3>What is a price floor and a price ceiling?</h3>

A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

To learn more about price floor, please check: brainly.com/question/26551616

You might be interested in
Difference between Private and public Company company
HACTEHA [7]
A private company, the company's stock, or its net is spread amongst few people, usually people close to the CEO/Owner.
A public company, the company's stock is available to purchase to anyone, and can be spread world wide.
8 0
3 years ago
Carter's preferred stock pays a dividend of $1.40 per quarter. If the price of the stock is $69.00, what is its nominal (not eff
anygoal [31]

Answer:

Carter's preferred stock nominal annual expected rate of return is 8.12%.

Explanation:

Nominal annual expected rate of return of a preferred stock can be described as the current or unadjusted rate of return of the stock.

The nominal annual expected rate of return can be calculated as follows:

Nominal annual expected rate of return = Annual preferred stock dividend per share / Preferred stock price ............. (1)

Where;

Annual preferred stock dividend per share = Dividend per quarter * 4 = $1.40 * 4 = $5.60

Preferred stock price = $69.00

Substituting the values into equation (1), we have:

Nominal annual expected rate of return = $5.60 / $69.00 = 0.0812, or 8.12%

Therefore, Carter's preferred stock nominal annual expected rate of return is 8.12%.

3 0
3 years ago
Lorenzo manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payda
Leya [2.2K]

Answer:

This is an example of shoe-leather costs of inflation.

Explanation:

In this case, local currency looses its value so quickly that <u>Lorenzo is doing a great efford to mantain the value of his work.</u> Then we can refer to shoe-leather cost of inflation, which is related to cost of time and effort that Lorenzo spend trying to avoid the lost of purchaising power.

5 0
3 years ago
Groups transform individuals into functioning organizational members communicating and enforcing ______ expectations.
Lady_Fox [76]
<span>Role Role expectations is what we are expected to do based on certain assigned role. This is taken from the social and psychological concept of Role Theory. Which says each thing we do is according to specific roles that have already been carved out and we act out according to the expectations of such role for example the duties and obligations of a wife to a husband or that of a father to his children</span>
4 0
3 years ago
Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur
Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

8 0
3 years ago
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