Business, 11.02.2021 22:10, ronniethefun

Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
Statement
Price Control
Binding or Not
The government prohibits gas stations from selling gasoline for more than $2.50 per gallon.
selector 1
Price ceiling
Price floor
selector 2
Binding
Non-binding
The government has instituted a legal minimum price of $3.40 per gallon for gasoline.
selector 3
Price ceiling
Price floor
selector 4
Binding
Non-binding
There are many teenagers who would like to work at gas stations, but they are not hired due to minimum-wage laws.
selector 5
Price ceiling
Price floor
selector 6

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:30, simplydimps22owbohb

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Answers: 3

continue

Business, 22.06.2019 11:30, bluella

11. before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d incorrect which answer is right?

Answers: 2

continue

Business, 22.06.2019 13:30, Mariaisagon9050

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Answers: 1

continue

Business, 22.06.2019 20:40, mom1645

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Answers: 1

continue

Do you know the correct answer?

Suppose that, in a competitive market without government regulations, the equilibrium price of gasol...