Ask Question
MathematicsMathematics
2 September, 11:59

A price fixed above equilibrium that change the incentives that both buyers and sellers face is called price

+5
Answers (1)
  1. 2 September, 12:16
    0
    floor

    Step-by-step explanation:

    price floor is a situation when the price changed is greater or leave than the equilibrium price determined by the force of demand and supply. For a price floor to be effective, the minimum price has to be higher than the equilibrium price. It must be set above the equilibrium price. The opposite of price floor is price ceiling.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A price fixed above equilibrium that change the incentives that both buyers and sellers face is called price ...” in 📗 Mathematics 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
A box contains ten cards labeled J, k, L, M, N, O, P, Q, R, and S. One add will be randomly chosen. What is the probability of choosing a letter from N and Q? Write your answer as a fraction in simplest form.
Answers (1)
A car dealership sold 348 cars in 6 months. At what rate did the dealership sell cars in cars per month?
Answers (1)
Rectangular piece of paper 4 cm wide length twice its width measuring 3 cm by 7 cm how many sq cm will be visible on top?
Answers (1)
1. Solve and show your work for each question. (a) What is 0.36 (36 repeated) expressed as a fraction in simplest form? (b) What is 0.36 (6 repeated) expressed as a fraction in simplest form? (c) What is 0.
Answers (1)
The music teacher can split the class into groups of 8 or 12. Each group will have the same amount of students. What is the smallest number of people that can be at music class?
Answers (1)
New Questions in Mathematics
An amount of $49,000is borrowed for 13 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.
Answers (1)
Is the gcf of two even numbers always even?
Answers (2)
What is x=1-4y in slope - intercept form
Answers (1)
Cory is making a poster of common geometric shapes. He draws a square with a side of length 4 3 cm, an equilateral triangle with a height of cm, a circle with a circumference of 8π cm, a rectangle with length cm, and a parallelogram with base 3.
Answers (1)
What is the worst thing to make in pottery class
Answers (2)
Home » Mathematics » A price fixed above equilibrium that change the incentives that both buyers and sellers face is called price
Sign Up Forgot Password?