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Paha777 [63]
1 year ago
14

If the local government tells gas stations that they are not allowed to change the price of gas for three weeks during hurricane

season, what will be the consequence?
a.Gas stations will be unable to sell all the gas they want at the temporary price ceiling price.
b. Consumers will be unable to buy all the gas they want at the temporary price ceiling price.
c. The supply curve for gas will increase and shift to the right.
d. The demand curve for gas will increase and shift to the right.
e. Equilibrium in the gas market will be achieved.
Business
1 answer:
castortr0y [4]1 year ago
6 0

Answer:

The correct answer is B. Consumers will be unable to buy all the gas they want at the temporary price ceiling price.

Explanation:

At the time that the offer is recent for price control, demand can be stimulated by the existence of a more reasonable and affordable price for the consumer, so that there is an excess of demand against supply, which is It would imply that it should result in an increase in prices that should lead to an optimum level or breakeven point being reached at any given time, a situation that will not occur precisely because of price control.

By resenting the offer while increasing demand, despite the possible shortage, this shortage does not result in a price increase that would be normal, precisely due to the hand of the state that prevents free market development , since it restricts one of the factors that energizes it, which is the price.

The price of goods and services, as well as can increase or decrease the supply, can also increase or decrease demand, a game that alone should maintain a price that satisfies both consumers and producers, but when price control is introduced , only consumers will be satisfied, a situation that causes bidders to stop producing.

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“E-Commerce is a boon to small scale enterprises, `entrepreneurs and customers”. Explain.
Mumz [18]

Answer:

SMEs have realised the importance of E-commerce and using it to gain growth and sustainability.

Explanation:

E-commerce has been a revolutionary step for small scale enterprises and customers towards ease of doing business and e- commerce has helped business to grow and expand. It has helped enterprises to increase their revenue, low operational cost and online presence. Customers can buy goods and services just by a click. They prefer e-commerce because everything is accessible online.

6 0
1 year ago
Identify the type of sampling used​ (random, systematic,​ convenience, stratified, or cluster​ sampling) in the situation descri
Sunny_sXe [5.5K]

Answer:

Cluster sampling

Explanation:

Cluster sampling is a type of sampling in which a population is divided into groups and one whole group from the division is randomly with every member of the chosen group  involved.

As in thr question, the phone number listings have been divided into groups of 400 and her name came up in the first group of the listing divisions to be considered, hence her selection.

Cheers.

6 0
2 years ago
High noon sun, inc. has a 5%, semiannual coupon bond with a current market price of $988.52. the bond has a par value of $1,000
9966 [12]

The answer is 4.5 years

Given : semi annual bond

current market price : $988.52

par value : $1,000

maturity : 5.29%

PMT = 5% x $1000 / 2 = $25,

PV = $988.52,

FV = $1000, and

Int/half a year = 5.29%/2 = 2.645%.

Solving for N = 9 (semi annual periods).

9/2 = 4.5.

5 0
1 year ago
g On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $966,500. The indenture s
pentagon [3]

Answer:

The loss on early extinguishment is $8677.5

Explanation:

First of all,one needs to compute the carrying value of the bond as at the date of the call in order to determine the loss on early redemption.

carrying value =book value+interest expense-coupon payment

book value is $966,500

interest expense=$966,500*13%*6/12=$62,822.50  

coupon payment=$1000,000*11%*6/12=$55,000

carrying value=$966,500+$62,822.50-$55,000=$ 974,322.50  

Loss on redemption =call price -carrying value of the bond

call price is $983,000

loss on early redemption=$983,000-$974,322.50  =$8,677.5

4 0
1 year ago
Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab
Vladimir79 [104]

Answer:

Part - 1: Increase

As business is hopeful about future,it will begin limit extension to provide food customer request.

Part - 2: Decrease

Higher genuine loan fee implies acquiring cost is higher for the organizations thus that they will lessen the interest in response to that.  

Part - 3: Decrease

A lower charge implies higher benefits and firms can pass these advantages to purchasers with lower costs, to representatives with higher wages and to the administration with charge on benefit. Nonetheless, in the event that the pace of expense itself has been expanded, at that point all things considered corporate will consider higher to be as a dampener in suppositions and they may diminish venture plans.  

Part - 4: Decrease

A downturn implies there will be lesser monetary movement generally speaking and request will be lower so as the utilization. In such case, arranged speculation will be diminished.

5 0
2 years ago
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