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Price ceilings that are artificially to low are likely to create a?
a shortage
People are likely to pay less for an item during a shortage.?
Actually, during a shortage, people are generally willing to pay more for an item due to limited availability and increased demand. This phenomenon can lead to higher prices as consumers compete for the scarce resource. Conversely, if prices are artificially kept low during a shortage, it can result in further depletion of stock, as suppliers may not find it economically viable to replenish inventory. Therefore, the typical market response is an increase in price rather than a decrease.
Why is the free market likely to respond faster when there is devastation caused by war or natural disaster?
The free market system is more likely to respond faster because they know that with the demand being so high people will be willing to pay more then before.
What meaning o minimum efficient scale?
Minimum efficient scale (MES) is a term used in industrial organization to denote the smallest output that a plant (or firm) can produce such that its long run average costs are minimized. This concept is useful in determining the likely market structure of a market. For instance, if the minimum efficient scale is small relative to the overall size of the market (demand for the good), there will be a large number of firms. The firms in this market will be likely to behave in a perfectly competitive manor due to the large number of competitors.
What person is most likely to be classified as working poor?
Carol, a single mother who works 35 hours a week at a job that pays slightly above minimum wage
Would raising the minimum wage lower crime?
Econ 101. (simplified version) Raising the minimum wage rate would more likely than not, increase the crime rate. By increasing the minimum wage, employers will be able to hire fewer workers. At the macro level, fewer workers hired will net an increase in unemployment rates. As unemployment rates increase, so too do crime rates.
Price ceilings that are artificially to low are likely to create a?
a shortage
Do I have to list my property with a real estate agent to do a short sale and is there a minimum amount of time it must be listed on the market with the agency?
Unless you've already found someone willing to buy your house at a price your lender is willing to accept, then you will most likely need to list your property with a Realtor.
What are the likely maximum and minimum values for this measurement 20.4 0.1cm?
What are the likely maximum and minimum values for this measurement 20.4+_0.1cm
What factor is most likely to reduce the carrying of an otter population in a lake?
Shortage of food
Which factor is most likely to reduce the carrying capacity of an otter population in the lake?
Shortage of food.
Which factor is most likely to reduce the carrying capacity of an population in a lake?
food shortage apex
People are likely to pay less for an item during a shortage.?
Actually, during a shortage, people are generally willing to pay more for an item due to limited availability and increased demand. This phenomenon can lead to higher prices as consumers compete for the scarce resource. Conversely, if prices are artificially kept low during a shortage, it can result in further depletion of stock, as suppliers may not find it economically viable to replenish inventory. Therefore, the typical market response is an increase in price rather than a decrease.
Which factor will most likely reduce the carrying capacity of a squirrel population in the forest?
Shortage of food
Is poverty a cause for illiteracy in Africa?
Perhaps. Most likely because poverty causes a shortage of schools.MARKED
How much is the minimum for mortgage loans?
Most banks will have a minimum amount that they are willing to lend for a mortgage. Typically they will not lend less than $40,000, but prefer amounts greater than $50,000. Any amount under approximately $100,000 is likely to have a higher interest rate in order for the bank to make a profit off of the loan.
Where is everybody going according to the New Testament?
Somewhere hot or cold, there is a high likely hood there will be a shortage of chairs.
