Ask Question
BusinessBusiness
8 July, 12:39

The government might enact a price ceiling in order to accomplish what?

A prevent rationing

B increase supply

C protect the poor

D get out of debt

+2
Answers (2)
  1. 8 July, 14:54
    0
    A. prevent rationing

    Explanation:

    Price ceiling occurs when the government puts a limit on the maximum price a seller of a good or service can charge. This is to prevent these sellers from charging exorbitant prices which would make the aforementioned good/service less affordable. If not controlled, they could hoard the products to sell them to buyers willing to pay the higher price. Price ceiling therefore prevents this rationing.
  2. 8 July, 16:17
    0
    To bring about a surplus
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The government might enact a price ceiling in order to accomplish what? A prevent rationing B increase supply C protect the poor D get out ...” 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
Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility.
Answers (1)
Which product is most likely to be the most price elastic? milk housing clothing automobiles
Answers (1)
Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected?
Answers (1)
Which of the following best describes the consideration on the part of an insurer? A. The purpose of the contract must be legalB. The promise to pay in the event of a covered claimC. The offer of the contractD. The acceptance of the contract
Answers (1)
A company has 10,000 shares of $100 par, 6% cumulative preferred stock outstanding. If the company declares a total of $200,000 of cash dividends for the year for both its common and preferred stock and the preferred stock is two years in arrears,
Answers (1)
New Questions in Business
In 1990, Roche, a Swiss pharmaceutical company, initially invested $2.1 billion to purchase a controlling interest in the biotech startup Genentech.
Answers (1)
Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%
Answers (1)
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. Refer to Exhibit 6-4.
Answers (1)
E. If the market price of wheat instead falls to $20.00 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run?
Answers (1)
Constantine purchased 100 shares of IBM stock several years ago for $150 per share. The price of these shares has fallen to $55 per share. Constantine's investment strategy is "buy low, sell high.
Answers (2)
Home » Business » The government might enact a price ceiling in order to accomplish what? A prevent rationing B increase supply C protect the poor D get out of debt
Sign Up Forgot Password?