Impact of economy according to price ceiling or price floor
If price ceiling or price floor were removed what is the impact on the economy?
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Price ceiling is government laws or rules setting price floors or ceilings that forbid the adjustment of price to clear marketplaces. Price ceilings make it illegal for sellers to charge more than a explicit maximum price. Ceilings may be announced when a shortage of a commodity threatens to raise its price a lot.
When this firm is a typical pure competitor within this industry as in demonstrated figure, then the firm is: (i) making normal accounting profit. (ii) making zero economic profit. (iii) breaking even. (iv) into an industry within long run equilibrium
Joint profit maximization is least compatible along with the behavior of: (w) General Motors’ division in Chevrolet, Cadillac, Hummer, Delco Remy and Frigidaire, etc. (x) a successful cartel as like OPEC. (y) a collusive agreement leading to sha
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I have a problem in economics on Technology and resource costs. Please help me in the following question. The short-run supply of macadamia nuts is considerably recognized by: (1) Preferences and tastes. (2) Technology and resource costs. (3) The number of consumers.
Assume that an existing apartment complicated is predicted to generate a consistent net of $1,250,000 cash flow per year into rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When th
The cranberry industry’s short-run supply is demonstrated as: (i) curve A. (ii) curve B. (iii) curve E. (iv) curve F. (v) curve G. Q : Revenue expenditure Why payment of Why payment of interest is treated as revenue expenditure? Answer: Since it does not cause any decrease in the liability of government.
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Hey FRIEND I need your help for query as given below: The price elasticity beside a horizontal demand curve is constant at: (w) zero. (x) infinity. (y) 1. (z) -1. Can someone ex
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