Question:
Suppose the government has imposed a price ceiling on cellular phones. Which of the following events could transform the price ceiling from one that is binding to one that is not binding? a. Cellular phones become more popular. b. Traditional land line phones become more expensive. C. The components used to produce cellular phones become more expensive. @ A technological advance makes cellular phone production less expensive.
Answer:
.A technological advance makes cellular phone production less expensive.
Explanation:
Government could in consideration of the product's lower production cost, opt to adjust the price ceiling.
What's the rationale behind this?
The decrease in production cost for cellular phones means the industry can afford to produce and sell at lower price(maybe even lower) than the price ceiling. This would mean that businesses in this industry may be charging incredibly high prices compared to cost of production and still not hit price ceiling. Therefore government may need to lower price ceiling to suit current cost of production.
Answer:
The expected counts are calculated by multiplying each proportion in the null hypothesis by the sample size.
Explanation:
Answer:
They are way more likely to approve a loan request to a singular person, while banks do way more checks and are usually out of bounds for smaller businesses.
John Locke was a philosopher from the Enlightenment period and one of the philosophers that most influenced the Founding Fathers. Locke defended that all people have three natural rights, that exist without the need for a law: Liberty, Property, and Life. This phrase influenced the Founding Fathers because it explains one of those natural rights that were inserted on the Declaration of Independence.
Answer:
I think it is C
Explanation:
He decided to instead just continue to tax the colonies....either way, it is considered to be a break up letter just because to the type of relationship the colonies were in with the English
