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Business, 15.04.2021 20:20 mimi5937

If happiness was money, what would your job be?​

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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
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Business, 22.06.2019 19:40, mahoganyking16
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Gross output (go) reflects the overall status of the productive side of the economy better than gdp does. a. true b. false
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Business, 23.06.2019 21:30, beelcypher
If a bank protected by the fdic fails, then all of the individuals who have deposited money into the bank a. are restricted from ever using a bank again b. will be reimbursed by the federal government c. have lost all of their money and savings forever d. become members of the federal reserve bank
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