Sign In
Ask Question
Kae
Business
16 December, 20:39
Price controls on goods can be set by
+5
Answers (
1
)
Jonathon Odonnell
16 December, 21:04
0
The president is able to set price controls. When this is done however it sets an artificial ceiling on the price of goods. When the price set is too high it causes too many of the product to be produced because people can't afford to buy it. When the price being set it too low it causes shortages. in the market place. One example of this is when back in the 1970's the price of gasoline was set at too low of a price. Long lines formed a gas stations and only those who were patient enough to wait in line actually got the gas the needed.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Price controls on goods can be set by ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How many owners can own a partnership
Answers (2)
What miracles i will perform with the knife?
Answers (1)
At an output level of 46,000 units, you calculate that the degree of operating leverage is 3.20. Suppose fixed costs are $130,000.
Answers (1)
XYZ Pharmaceuticals recently announced that the clinical trials for a cancer drug failed to cure the illness. This announcement led to a dramatic decrease in the stock value of the company.
Answers (1)
A company uses a standard costing system. The production budget for year 1 was based on 200,000 units of output. Each unit requires two standard hours of manufacturing labor for completion.
Answers (1)
New Questions in Business
Dale Company, which applies overhead at the rate of 190% of direct labor cost, began work on job no. 101 during June.
Answers (1)
Which of the following transactions is recorded in the purchases journal? A. cash purchase of merchandise inventory B. cash sales of merchandise inventory C. sale of merchandise inventory on account D. purchase of furniture on account
Answers (1)
Which of the following is a characteristic of principal-agent conflicts that often exist in a firm? Managers do not always operate in the best interest of owners because owners are generally more risk averse than managers.
Answers (1)
Which of the following is a typical purpose of a memo? A. To communicate several types of messages in a single format B. To confront or accuse people C. To deliver bad news D. To reach many people when they can't be reached in person
Answers (1)
Cheyenne, Inc. had outstanding $6,420,000 of 11% bonds interest payable July 31 and January 31 due in 10 years.
Answers (1)
Home
»
Business
» Price controls on goods can be set by
Sign In
Sign Up
Forgot Password?