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If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.

If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.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
David borrows $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made month
tiny-mole [99]

Answer:

EMI  

Loan Amount 230000

Interest rate per period 0.00375

Number of periods 300

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,  

EMI= Equal Monthly Payment

P= Loan Amount  

R= Interest rate per period

N= Number of periods    

= [ $230000x0.004 x (1+0.004)^300]/[(1+0.004)^300 -1]

= [ $862.5( 1.004 )^300] / [(1.004 )^300 -1

=$1278.4147  

Total payment = $1278.4147*300

=$383524.41  

Interest payment = total payment - laon amount

                             =$383524.41-230000  

Interest payment  =$1,53,524.41

Explanation:

3 0
3 years ago
This refers to dividing responsibility among specific units or departments.
Julli [10]
I think this could be division of labour.
6 0
3 years ago
Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
Helen [10]

Answer:

mean

Explanation:

5 0
2 years ago
Grossman lumber reported $102,000 net cash provided by its operating activities. if the company invests $4,000 in capital expend
sweet [91]

FCF is a measure of how much cash a business generates from operations, net of capital expenditures, which it can use for various purposes, such as reducing debt or paying out dividends. When calculating FCF, we take Cash provided by operating activities and subtract any capital expenditures. Grossman Lumber generated $102,000 in cash from operations, and invested 4,000 in capital expenditures, so its FCF is 102,000-4,000= $98,000. We are not concerned with dividends because dividends are not a capital expenditure. 

6 0
3 years ago
The Department of Commerce in Washington D.C. is developing the macroeconomic report for the nations previous economic quarter.
sergij07 [2.7K]

Answer:

quantitative measurements of the nation's economic activity from last quarter

6 0
3 years ago
Other questions:
  • Suppose there are 100 consumers in the computer speaker market, each with an identical demand curve given by Qi = 10 – 0.1P, whe
    15·1 answer
  • What can cell margins be useful for
    12·1 answer
  • Workers are responsible for the production of goods in a business,
    9·1 answer
  • Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the exp
    10·1 answer
  • Prepare journal entries to record each of the following four separate issuances of stock.
    6·1 answer
  • The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an average of 433 riders a day. Th
    6·1 answer
  • Grades are low in your biology class, so your professor offers an optional 10-point extra-credit assignment. Most of the student
    13·1 answer
  • LO 1.5What is an enterprise resource planning (ERP) system? What are the principal benefits of such a system?
    15·1 answer
  • Under the allowance method, writing off an uncollectible account a. affects only balance sheet accounts. b. affects both balance
    10·1 answer
  • 1. Which generally accepted accounting principle (GAAP) requires the use of depreciation for assets that have useful lives beyon
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!