Ask Question
BusinessBusiness
2 July, 09:39

Price ceilings are created to keep products affordable for consumers. Answer

a. True

b. False

+2
Answers (1)
  1. 2 July, 10:36
    0
    Answer : a. True

    It is true that price ceilings are created to keep products affordable for consumers. Price ceilings are set by the government. It is a government initiative to regulate the prices of commodities, products and services in the market to protect the consumers' interests and rights. In deciding the price ceiling, it must be considered that it should be below the natural market equilibrium. Legally, the prices can't just be raised suddenly but must follow certain legal and business procedures.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Price ceilings are created to keep products affordable for consumers. Answer a. True b. False ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the scientific notation of 625000000
Answers (2)
A blue ocean strategy is when a company: a. outperforms rivals through higher sales volume, either through a low-cost or a differentiation strategy. b. chooses both a differentiation and a low-cost strategy for its business-level strategy. c.
Answers (1)
Inefficient capitalism socialism or communism
Answers (1)
Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $38,000. a.
Answers (1)
Seasonal discounts provide price incentives to customers during peak selling seasons. a. true b. false
Answers (1)
New Questions in Business
Beth has just been hired as a cocktail waitress. she must be certified as a seller-server within:
Answers (1)
Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of:A. 15%B. 12%C. 24%D. 9%E. None of the above
Answers (1)
At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,000 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no
Answers (1)
Super Saver Groceries purchased store equipment for $35,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500.
Answers (1)
What information goes into a credit score
Answers (1)
Home » Business » Price ceilings are created to keep products affordable for consumers. Answer a. True b. False
Sign Up Forgot Password?