if a nonbinding price floor is imposed on a market, then the

Answers

Answer 1

if a nonbinding price floor is imposed on a market, then the quantity sold will stay the same.

Here are the options of this question:

then the a quantity sold in the market will stay the samequantity sold in the market will decreaseprice in the market will increaseprice in the market will decrease

A price floor is when the minimum price for a good or service is set by the government or an agency of the government. Price floor is usually set for agricultural products. This is done to encourage suppliers of goods and services.

Types of price floor

Binding price floor: this is the price floor that is set above equilibrium price. When the price floor is binding, the supply of a good would increase.  

Non-binding price floor: this is the price floor that is set below equilibrium price. When the price floor in nonbinding, there would be no change in supply.

An example: If the price of a good is $10. The equilibrium price is $12. If the government sets the price as $14. This is a binding price floor. If the price is set below $12, it is a nonbinding price floor.

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Related Questions

beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?

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Answer:

Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000

Explanation:

. How are jobs created in different economic systems?
• Market
• Mixed
• Command
Traditional

Answers

Answer:

it depends

Explanation:

it depends on the area the person stays

Explain the technique of making bamboo based handicrafts with an example.​

Answers

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

The technique bamboos are processed into thin strips or sheet materials for bamboo plaiting, known as bamboo strips and the processing procedures of bamboo strips include selecting materials, sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering. For example, bamboo furniture.

What is the process of making bamboo handicrafts?

The process of making bamboo handicrafts is given below. First, the bamboo is completely dried before use. The bamboo is segregated in the beginning according to the products that are going to be made. They are cut to the required sizes with the help of a bamboo sawing machine. The cut bamboo sticks are arranged for the products that have to be made.

The products are always made depending on the client’s orders. For example, to make a stool, bamboo is cut respectively into four sets to make the legs and eight sets of smaller lengths to connect the legs horizontally to get a firm hold of the four legs of the stool. A stool is something similar to that a chair but doesn’t hold a backrest.

A stool is a seat for a single person without any backrest.

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Final Review
Which of the following is not a type of discrimination?
A. Racial
B. Gender
C. Religious
D. Supervisor/Employee
Submit

Answers

Answer:

D: Supervisor/Employee

The correct option is D. Supervisor/Employee is not a type of discrimination.

Employers are not permitted to discriminate against job applicants on the basis of their race, color, religion, or sex. Unfair treatment or harassment can take many different forms, some of which include spreading false information about you. being unjust to you.

What is constructive discrimination?

Unfair treatment can occur when a regulation or practice mistakenly singles out a certain group of individuals. "Constructive" or "adverse effect" discrimination is the term used to describe this kind of inadvertent bias. As an illustration, one business mandates that all male employees have clean-shaven faces.

As it relates to policies, programs, employment, and services offered by any organization, systemic discrimination refers to the practices, routines, and organizational culture that, frequently without intention, result in less favorable outcomes for minority groups than for the majority of the population.

You must take action if your boss' actions and crude remarks pose a threat. Speak with the human resources division of the business. If nothing changes after that, you might even think about complaining about your supervisor and the business to the labor department in your state.

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If Frica Morrison a machine operator at Stanley Foundry, makes $513.66 a week and has 33 in FIT withheld, how many allowances has she claimed?

A 0
B 1
C 2
D 3​

Answers

Using the Single's Person Weekly payroll distribution , the number of allowances claimed by Frica Morrison will be 3.

Given that :

Weekly pay = $513.66Federal income tax withheld = 33

From the payroll table, Frica's weekly pay falls inbetween $510 - $520 ; checking along the row, we can see from the table(attached) that Federal income tax withheld of $33 falls under the 3 allowances claimed.

This means that for Frica to have $33 withheld from his weekly pay of $513.66, then he must have claimed 3 allowances.

Therefore, the Number of allowances claimed by Frica Morrison is 3.

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what is the opportunity cost of investing in capital?

Answers

Answer:

your opportunity is on your hand

o d
Of the following, which is NOT in the socio-economic category of managed trade?
a. Embargoes
O b. Countertrade
.
O
O O O
c. Ethics and safety
5.
O
O d. Export cartels
7.
O
O e. The infant industry argument
8.
o
9.
a
10.
o
11.
о
12.
O
13.
оо
14.

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Answer:

D.

Explanation:



Describe the key features of a financial record keeping system.

Answers

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Answer:

A financial record keeping system should be safe, comprehensive and accessible.

Explanation:

Correct on edg. 2021

can some one give me a crown I really want one 82 points if you do

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do you mean brainliest? of course look at my latest answer

Answer:

Um... I don't think that's how Brainly works. To get brainliest, You have to answer and have the person who asked the question give you brainliest.

What pricing strategies do McDonalds use.

Answers

Broke people ones …..

Erica is an administrative assistant for a company with more than three thousand employees. She needs to send insurance documents to each employee. Erica should _____. call each employee and ask them to pick up the documents at her desk use a digital ink pen to scan her handwritten notes from a meeting send an e-mail to all employees and attach the insurance documents create a presentation

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Answer:

Send an e-mail to all employees

Explanation:

by what date must taxes be filed in the united states?

Answers

Answer:

april 15

Explanation:

its a direct question the isnt an explanation

similarity between formal and informal employment​

Answers

Answer:

okay

can we be friends!

Explanation:

Rex is currently taking physics as one of his electives in school. His grade at the end of the year is determined by the average of four exams, each worth 100 points. On his first test he got an 84, on his second he got a 86, and on his third an 92. What must he score on his fourth exam to get an A (90%) in the course?

a. 98

b. 90

c. 88

d. 86

Answers

the answer is 90%because you add up every thing

Answer:

98%

Explanation:

why should the income statement be prepared first?

Answers

Answer:

cash of Aryas 500 withdrawn from the bank for office use find out debit and credit

You were thrilled when your employer named you the new Southeast Asia manager and put you in charge of setting up the organization’s office there. But in only your second week at the new location, you encountered something unusual. A local government worker informed you that he would process your permit applications and other paperwork more quickly if you were willing to give him a cash payment, otherwise it may take up to 18 months to process them. Where you come from, that’s a bribe, which is both unethical and illegal. Your career is riding on this promotion, so what should you do?

Answers

Since your career is on the line, It is better you consult with your organization's ethics committee and act accordingly.

Bribery is simply known as an offence where an individual is offered or received of gifts or rewards. It can be in monetary or non monetary terms

Conclusively, Since my career and future is on the line, making a mistake of accepting of the bribe is never an option and also to avoid taking the wrong step, consulting the ethics committee will be the right thing to do.

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Why is it important to have an organized business?​

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Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."

Who made this website?

Answers

Answer:

Michal Borkowski, Tomasz Kraus, Lukasz Haluch

Explanation:

why is the McDonald ice cream machine always broken?

Answers

Answer:

its broken again XD

Explanation:

But as the answer to this question

*DEEP DRAMATIC SIGH*

We may never know my dude hang in there!!!!

Identify a true statement about export arrangements in the context of initial division structure. Multiple Choice If a company has a narrow product line, the export manager will head a separate department and often report directly to the president. Firms can reduce the risk and size of investment in establishing significant international operations using an export arrangement. Manufacturing firms with technologically advanced products usually avoid an export arrangement as a first choice. If a company has a broad product line, the export manager usually reports directly to the head of marketing and international operations are coordinated by this department.

Answers

A TRUE statement about export arrangements identified in the context of initial division structure is B. Firms can reduce the risk and size of investment in establishing significant international operations using an export arrangement.

Export arrangements help firms to manage their initial entrance into international trade.  A firm with a narrow product line does not require a separate department.

Firms with advanced technological products do not avoid export arrangements.  Firms with broad product lines do not have the export manager reporting to the Head of marketing because a separate export department is usually created to cater for international operations.

Thus, the true statement is B because export arrangements help firms to reduce risks.

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the catalyst for the market revolution was a series of innovations in

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The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

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I need help with the Helmes case would anyone kindly help me with the answer for this question.

How can planning ensure that Hermès continues to meet its delivery targets in the future and at times when there is bad weather or high peak-demand?

Answers

Panning could ensure a safer environment for the turtles turtle queen julien mauahayhahahahahaha

in which step of the l&d process do managers determine what skills employees should have after the process that they did not have before?

Answers

The learning and development process refers to the steps taken by the employers of labor to equip their employees with the knowledge they need to succeed. The stage in which managers determine what skills employees should have after analyzing the skills that they did not have before is;

The Training Needs Analysis or Skills Assessment stage

Before training employees on certain skills, there should be an evaluation of what they knew before.

When their present skills are determined, it becomes easy to identify the gaps and fill them in through training.

So, the Skills Assessment stage, which is the second stage after Role-based Competency Mapping is applicable.

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who is likely to be in favor of a price ceiling on a good?

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Answer:

A vast majority of Democrats and a few Republicans. On this recent vote, 11 Republicans voted with the Democrats.

please help me asap!

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I believe that a company does not pay for publicity.

assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good is $2 and the quantity sold is 20. calculate the consumer surplus.

Answers

Answer:

80

Explanation:

You use the area of a triangle formula (1/2b*h). In this case the base would be 20 (quantity demanded) and the height would be 8 (10-2).

The consumer surplus is $80

The demand curve is a curve that shows the relationship between the quantity demanded and the price of a good. The demand curve is downward sloping because quantity demanded is negatively related to the price of the good.

Consumer surplus is the difference between the highest amount a consumer is willing to pay for the good and the price of the good. Looking at the attached image, the consumer surplus is represented by the triangle formed under the area of the demand curve.  

Consumer surplus can be determined by calculating the area of the triangle.

Area of a triangle = 0.5 x base x height

Base = 20 = quantity sold

Height = $10 - $2 = $8

Consumer surplus = 0.5 x 20 x $8 = $80

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how is a marketing plan used by marketers to set up a business on a journey towards success?

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A marketing plan is used to identify the target market for your product and how your business would be able to offer benefits to the market.

A well developed marketing plan helps the marketer to make sales easier in the business. If the marketer is able to sight and make targets for their supposed customers, they would be able to channel resources more wisely.

In conclusion a marketing plan can do the following:

Help to set goalsCreate motivation for the businessSet time and priorities straightHelps you target your customers.

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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics

What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments

Answers

Answer:c

Explanation:because they would have to pay more over time

identify two ways to deposit money into and withdraw money out of your checking account.

Answers

Answer:

There are two ways to make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM.

Explanation:

a $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. which of these statements is correct?

Answers

Proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

Amortization is the process of gradually paying-off of debt through scheduled installments that include the component of principal and interest.

The amortization tables helps to keep track of amount owed and when payment is due.

The table also shows how much to be paid at required intervals (i.e. monthly, bi-monthly, quarterly etc)

As the repayment and period of payment increase, the outstanding debt keeps decreasing as well.

The rate of interest determines the amount of repayment to be made at each interval

Therefore, if the interest rate were lower, then, the repayment of principal would be lower as well.

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