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2 years ago

The imposition of a binding price ceiling on a market causes

Business

2 answers:

laiz [17]2 years ago

7 0

Answer:

a) Quantity demanded to be greater than quantity supplied

Explanation:

Here are the options to this question :

a) Quantity demanded to be greater than quantity supplied

b) Quantity demanded to be less than quantity supplied

c) Quantity demanded to be equal to quantity supplied

d) The price of the good to be greater than its equilibrium price

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

A price ceiling is binding when it is set below equilibrium price.

When a binding price ceiling is imposed, Quanitity supplied falls because price is below equilibrium price. The fall in supply is in line with the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price , the lower the quantity supplied.

While The Quanitity demanded increases in line with the law of supply. The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Quantity demanded to be greater than quantity supplied

I hope my answer helps you

Savatey [412]2 years ago

4 0

Answer:

Causes quantity demanded to be greater than quantity supplied

Explanation:

Price ceiling when the regulated price set by the government is below the equilibrium price determined by the interaction of forces of demand and supply.

Invariably, a lower price would bring about consumers demanding more of the item and the suppliers that are not encouraged to supply at the same level since their output commands a much lower price than would have been the case if invisible hands of demand and supply were left to determine happenings in the market place,hence the lower the price the lower the quantity supplied.

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Global Shipping Corporation and Harbor Warehouse Company transfer their property to Investment Managers, Inc., which manages the

harkovskaia [24]

Answer:

Joint stock company

Explanation:

Global Shipping Corporation is a joint stock company because they have investment managers. Joint stock company is a structure in which share are sold to the stockholders of the company. Overall, the shareholders select board of directors by joint voting. In a joint stock company the shareholders are allowed to sell their shares to others.

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2 years ago

An opinion polling firm based in Austin, TX wants to allow its phone survey specialists to use company laptops and networks to c

Yuki888 [10]

<u>Answer: </u>

The strategy that they should use should be that of negotiation.

<u>Explanation: </u>

In order to make the employees understand that they would be allowed to take the company phones and laptops to home but they would be required to carry out certain operations of the company work, it would be necessary to negotiate with them on the offer put forward by the company.
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2 years ago

Elmo Johnson was late on his property tax payment to the county. He owed $7,500 and paid the tax four months late. The county ch

GrogVix [38]

Answer: $250

Explanation:

From the question, we are told that Elmo Johnson was late on his property tax payment to the county and that he owed $7,500 and paid the tax four months late.

We are further told that the county charges an annual penalty of 10%. The amount of the penalty for the four-month period goes thus:

Annual penalty = 10% × $7500

= 0.1 × $7500

= $750

Since he is four months late and there are twelve months in a year, this will be:

= $750 × 4/12

= $750 × 1/3

= $750/3

= $250

8 0

2 years ago

Intel Corporation had assets equal to $123,249 million and liabilities equal to $54,230 million for a recent year-end. What was

Ghella [55]

Answer:

total Equity at end of the year = $69019 million

Explanation:

given data

assets = $123,249 million

liabilities = $54,230 million

to find out

total equity

solution

we get here total Equity at end of the year that is express as

total Equity at end of the year = Asset - Liabilities .................1

put here value we get

total Equity at end of the year = $123,249 million - $54,230 million

total Equity at end of the year = $69019 million

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2 years ago

This year, Gogo Inc. granted a nonqualified stock option to Mrs. Mill to buy 10,000 shares of Gogo stock for $8 per share for fi

Anton [14]

Answer:

Gogo Inc. and Mrs. Mill

The Income that Mrs. Mill must recognize in the year of exercise is:

= $23,100

Explanation:

a) Data and Calculations:

Options given to Mrs. Mill = 10,000 shares of Gogo stock

Exercise price of the options = $8 per share

Period of option exercise = 5 years

Selling price of shares at grant date = $7.87

Selling price of shares at exercise date = $10.31

Compensation expense recorded by Gogo = $26,700

Cost of options to Mrs. Mill = $80,000 (10,000 * $8)

Income that Mrs. Mill must recognize in the year of exercise = $23,100 ($10.31 - $8) * 10,000

8 0

2 years ago