Price ceiling is not binding

Assignment Help Business Economics

Reference no: EM13736633

If a price ceiling is not binding, then

a) there will be a surplus in the market

b) there will be a shortage in the market

c) the market will be less efficient than it would be without the price ceiling

d) there will be no effect on the market price or quantity sold

Reference no: EM13736633

Questions Cloud

Participate in a panel discussion on cultural diversity : Imagine you are asked to participate in a panel discussion on cultural diversity at a college in Birmingham, Alabama. As part of your discussion on the importance of cultural diversity to all types of organizations, you are asked to comment on the..

Monthly membership fee : A customer pays an admission fee to get into the local YMCA, and also a monthly membership fee.

If the marginal cost of the separate products is high : If the marginal cost of the separate products is high, a seller should consider _______ bundling instead of ________ bundling.

Foundation for employee and organizational success : Managing employee performance provides a foundation for employee and organizational success. It coordinates many of the human resources (HR) functions together to create an interdependent dialogue on performance. Performance management systems all..

Price ceiling is not binding : If a price ceiling is not binding, then

Bundling helps the seller to increase profit : Bundling helps the seller to increase profit by ________.

Importance of etiquette and social customs : The middleman stressed the importance of etiquette and social customs in addition to the win-win model.

Analyse the marketing strategies and marketing processes : he primary aim of this assignment is to explore your capacity to analyse the marketing strategies and marketing processes of real organisations and determine their effectiveness

Conditions worsen is facing what type of costs : A logging company in the Florida swamps, who harvest the driest ground first and each harvest requires more resources to produce as conditions worsen is facing what type of costs?

User Account

All Pages