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In order to limit the shortage that naturally results from a price ceiling the government can do what to certain goods?
Marisol Serrano
Ration
Dewitt Abbott
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What is the purpose of a price ceiling?
A price ceiling protects the poorest consumers by keeping goods affordable.
What accurately describes a shortage?
Consumer demand for a certain product or good is greater than the number of products or goods that can be produced.
When a producer is unable to meet the demand of a certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
What are embargos?
An embargo is an official order from a government prohibiting certain actions; such as doing trade with a certain country.
The government has more control over certain industries in a?
i have no clue
What is the purpose of a price ceiling?
A price ceiling protects the poorest consumers by keeping goods affordable.
What factors tend to hinder new product development?
- shortage or lack of important ideas in certain areas - Fragmented market - Constrained by society & government - high cost of development & capital shortage
How do you go on a plane?
It differs between planes. They each have a certain ceiling (max height) and when you find out what airplane your on, you can find out the ceiling
What is the definition of price control?
in economics price controls can be defined as a government enforced maximum or minimum price for essential goods such as bread and housing. Maximum price is a price ceiling and a minimum price enforced by the government is a price floor. A price control is a law passed by the government that dictates the price of a good or service. It can either put a price ceiling (saying the price cannot go above a certain point) or a price floor (saying the price cannot go below a certain point). An example of a price ceiling is price control of gasoline in the 1970s. An example of a price floor (albiet not a good one) is the US government's policy in the past to pay farmers not to farm certain crops in an attempt to keep the supply down and the price up.
How high do you go on a plane?
It differs between planes. They each have a certain ceiling (max height) and when you find out what airplane your on, you can find out the ceiling
How can you get straight hair naturally?
The only way to be certain that your hair is naturally straight is to be born with it.
Was there a shortage of soldiers in World War 1?
because people were cowards during the war
What is the difference between scarcity and shortage?
Scarcity refers to something that is difficult to find. A shortage implies that there is a certain need for the item and that there is not enough of it.
When installing plasma ceiling mounts, are there certain do's and don'ts?
The certain do's and don't of installing a plasma ceiling mount is don't leave your electricity on! Turn off the fuse box immediately, to ensure that you are being safe. A do to installing plasma ceiling mounts is be creative and pick the most stylish ones!
What is cladding system?
cladding is a system that is reducing the temperature of a certain place that is using for absorving from ceiling or wall in certain house or building!
Why wont your cell phone work in certain stores?
the ceiling of the store could block transmission
If the law forbids the sale of something above a certain price that price is called the?
Price ceiling
