Mi ola swimwear may occasionally make changes to their corporate or business-unit strategies. identify the item below that would indicate a change to the corporate strategy.
a. selling the swimsuits in a major department store.
b. discontinuing a certain color of swimsuit.
c. offering a line of surf boards.
d. changing the fabric used on swim bottoms.
Answers: 1
Business, 22.06.2019 00:30, johnkings140
Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale
Answers: 1
Business, 22.06.2019 05:20, alexandroperez13
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Answers: 2
Business, 22.06.2019 09:40, izzynikkie
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Business, 22.06.2019 11:50, Paytonsmommy09
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