User Account

All Pages

Transform the price ceiling

Assignment Help Business Economics
Reference no: EM131400807

Suppose the government has imposed a price ceiling on sliced sandwich bread. Which of the following events could transform the price ceiling from one that is binding to one that is not binding?

A) An increase in the price of flour, which is used to make bread.

B) A decrease in the price of lunch meat.

C) A decease in the price of unsliced bread, which people consider as a substitute for sliced bread.

D) An decrease in the price of peanut butter and jelly.

Reference no: EM131400807

Questions Cloud

What is the standard deviation of the side length : Manufactured cubes. A machine manufactures cubes with a side length which varies Uniformly over the interval [0.2, 0.3] in millimeters. For the following problems, make sure you use the correct units. (Assume the sides of the base and the height a..
Impact a population health model : How can innovations in health care technology impact a population health model. Give examples of technology that is available now?
Functions of the federal reserve : How does quantitative easing relate to functions of the federal reserve? What is its purpose in adding more liquidy to the banking industry? Is the federal reserve still using quanititative wasing as of 2016.
Recession phase of the business cycle : Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle.
Transform the price ceiling : Suppose the government has imposed a price ceiling on sliced sandwich bread. Which of the following events could transform the price ceiling from one that is binding to one that is not binding?
Make frequency table of longest run of heads : Using this percentage and random digits, make a frequency table of the longest run of heads in a sequence of 200 attempts. After following the player for 200 field goal attempts, do you see any evidence of an unusually long streak?
What is the probability that a photon that hits solar cell : What is the probability that a photon that hits the solar cell at a location which is Uniformly distributed on the solar cell will actually hit one of these electricity-generating regions?
Economics in the current news : Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or policies? Are there any current events in the news th..
What would your recommendations be to tom and mary : Tom and Mary opened a brewery in 1986 and built it from the ground up. Tom wanted to develop an authentic German beer and sell it in an authentic German beer hall. What would your recommendations be to Tom and Mary

Reviews

Write a Review

Business Economics Questions & Answers

  An effective federal reserve operating target

An effective Federal Reserve operating target is a target that is reliably linked to

  Decided to price its semiconductors below production costs

Texas Instruments the early period of the industry decided to price its semiconductors below production costs the decision increased sales but resulted in near- term reduction in profits. Why did TI make the decision. What were the long term implicat..

  Which group will be offered the lower price

Some recently visited popular priced comparison sites. Why might these retailers offer different prices to those who have and have not recently visited price comparison sites? If different prices are offered, which group will be offered the lower pri..

  Qrafidah was earning 100000 a year working as a scientist

q.rafidah was earning 100000 a year working as a scientist for a drug company. she decided to start her own business

  The art and science of getting people to spend their money

We defined marketing as, “the art and science of getting people to spend their money on your product rather than the other guy’s, and be happy that they did so.” Do you think that’s true? Does some Wizard of Oz person-behind-the-curtain get you to bu..

  Comparative advantage in the production of radios

Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10 tons of rubber or 40 radios. Who has the absolute advantage in the production of rubber or radios? How can you tell? Calculate the opportunity cost of produ..

  Suppose the fed conducts an open market purchase

Suppose the Fed conducts an open market purchase by buying $10 million in Treasury bonds from Acme Bank. Sketch out the balance sheet changes that will occur as Acme converts the bond sale proceeds to new loans.

  How much does the price of wine change measured in dollars

Suppose a bottle of French wine costs 70 francs. If the exchange rate moves from 6 francs /dollar to 7 francs / dollar, how much does the price of the wine change measured in dollars?

  Q1 unlike discretionary changes automatic stabilizers have

q1. unlike discretionary changes automatic stabilizers have the obvious advantages that they act instantly explain

  Monopolist or a purely competitive firm

From an economics perspective, would you prefer your residential water supply to be provided by a monopolist or a purely competitive firm?

  Urban transportation planning process

Today’s urban transportation planning process is being impacted by the President’s Stimulus Plan. High speed rail is one such option to congestion along the highways of urban areas. These projects have two sides to them. Discuss how this Stimulus Pla..

  With the current level of capital is the marginal product

With the current level of capital is the marginal product for capital 0,12. The rate of depreciation is 6%, the nominal interest rate of a company loan is 8% and the expected rate of inflation is 3%. Should the company increase its level of capital? ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd