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Which of the following statements best describes the concept of a binding price ceiling Assume that the equalibrium price of rental cars is 50 per day?
Wiki User
∙ 12y ago
the government has instituted a legal minimum price of $100 per day for rental cars
Wiki User
∙ 12y ago
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What does A binding price floor causes?
L0o
What is dirty tariffication?
dirty tariffication (or water in the tariff) describes the situation where countries have deliberately overestimated the levels of protection provided by NTBs in order to increase their operative base rate of duty resulting from tariffication. This has allegedly occurred because the task of converting NTBs into binding tariffs has been left to each individual country concerned.
A price ceiling will only be binding if it is set?
below equilibrium price
Why price ceiling and price floor is binding?
A price ceiling is binding when it is below the equilibrium price. It is the legal maximum price, so the market wants to reach equilibrium (which is above that) but can't legally. If it were above the equilibrium price it would not be binding because the market would reach equilibrium and the ceiling would have no effect. A price floor is binding when it is above the equilibrium price. You can use similar reasoning to that above. It is the legal minimum price. the market wants to reach equilibrium below that but can't legally.
Is a verbal agreement pertaining to real estate binding until closing date?
No
What statement describes the Jewish ten commandments?
There are two slightly different versions of the 10 commandments, one in Exodus, one in Deuteronomy. Jews generally refer to the 10 statements, since some of the statements are not in the form of commandments. The 2 versions of the 10 commandments differ in whether we are commanded to keep the Sabbath or to Remember it. Jews believe that the 10 commandments are only binding on Jews, while the 7 Noachide commandments are binding on all mankind.
The termination phase of cell signaling requires which of the following?
the answer involves reversing the binding of signal molecule to the receptor
How do you find out about women in China binding their feet?
Try the following link: http://www.ccds.charlotte.nc.us/History/China/04/hutchins/hutchins.htm There is an article on foot binding with links to other websites that may be useful
Which of the following choices will result in continuous glycolysis?
Loss of allosteric binding site for ATP on phosphofructokinase-1 (PFK-1)
Are Patent Binding and Perfect Binding the same?
Yes, patent binding, perfect binding and adhesive binding are the same thing.
What is the concepts of ratio decidendi and obiter dicta?
Ratio decidendi refers to the legal reasoning behind a court's decision that forms the binding precedent in future cases. Obiter dicta are statements or opinions made by the court that are not essential to the decision and do not create binding precedent, but may provide guidance or insight on the case.
Is mediation legally binding?
mediation can be binding if a representative is used if not then its not binding snzbeyueen
Difference between late binding and early binding?
different between late and early binding
Is library binding the same as turtleback binding?
A Turtleback book is the leading brand name for library binding.
Is a wire binding machine sturdier than a plastic binding machine?
"The binding machines are equally as sturdy, it is the products that the produce that vary in durability. A plastic binding it less expensive but does not hold up as well as wire binding."
What complementary binding is?
basically complementary binding is useless
Use the word binding in a sentence?
I was binding the rope
