0
What else can I help you with?
What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?
"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"
What will happen if a total ban is imposed on cigarette?
Well in Virginia the state legislators would look up at the ceiling. Painted on the ceiling are golden leaves of tobacco.
If a binding price ceiling is imposed in a market?
nothing happens to the market since it will naturally move towards the equilibrium
What happens to the market when a price ceiling is imposed?
If the price ceiling is above equilibrium: no effect. If the price ceiling is below equilibrium: price lowers to the ceiling level and supply falls. There is too much demand for the current level of supply. A black market forms to capture unmet demand at high prices.
What are effects of tax avoidance?
Some effects of tax avoidance would be heavy fines and penalties imposed by the IRS. They could also garnish your wages and could even sentence you to jail time.
What was one of the effects of the French and Indian War on American colonists?
One of the effects of the French and Indian War on the American colonists was that Great Britain imposed new taxes on the colonists in order to pay war debts.
Is a shortage caused by a price ceiling?
Yes, a shortage can be caused by a price ceiling, which is a government-imposed limit on how high a price can be charged for a product. When the price is set below the market equilibrium, demand typically increases while supply decreases, leading to a situation where the quantity demanded exceeds the quantity supplied. This imbalance results in a shortage of the product in the market.
What part of speech is imposed?
Imposed is a verb.
What is self-imposed?
Self-Imposed Pressure means imposed by oneself on oneself, voluntarily assumed or endured. :)
What is self-imposed pressure?
Self-Imposed Pressure means imposed by oneself on oneself, voluntarily assumed or endured. :)
Is price ceiling an example of the minimum wage?
No, a price ceiling is not an example of minimum wage. A price ceiling is a government-imposed limit on how high a price can be charged for a product, often intended to keep essential goods affordable. In contrast, minimum wage is a legal requirement that sets the lowest amount an employer can pay an employee for their labor. While both are forms of government intervention in the market, they apply to different contexts: price ceilings apply to goods and services, while minimum wage applies to labor.
What was the effects of stamp act?
The Stamp Act of 1765 was imposed on the colonists by the British. The stamps affixed to various goods raised revenue for the British. The colonists were enraged--even protested in the streets.
