What will happen in a market where a binding price floor is removed? Group of answer choices The price or quantity of the product sold in the legal market will not change. There will be upward pressure on the prices. The products sold will become scarcer. There will be downward pressure on the prices. There will be increased pressure to buy and sell the good on the black market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What will happen in a market where a binding price floor is removed? Group of answer choices The price or quantity of the product sold in ...” 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
Jewelry Company has a sales budget for next month of $450,000. Cost of goods sold is expected to be 45 percent of sales. All goods are paid for in the month following purchase.
Answers (1)
Which statement is not true about the minimum wage? Question 5 options: Not everyone supports it. It was created by a federal law. Owners are not required to pay it to foreign workers. It is the lowest legal wage that can be paid to most workers.
Answers (2)
Identify two accounts that are in good standing
Answers (1)
Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.
Answers (1)
Which is an example of an income deduction? An unexpected salary cut Wages lost due to illness Vacation budget Retirement savings
Answers (2)
New Questions in Business
Universal Containers has a private sharing model on Opportunities. The System Administrator has been asked to create a new custom object that will track customer payment information and will link to the Opportunity.
Answers (2)
8. Sam bought a house that costs $500,000. Sam got a 96% LTV loan. The lender demanded that Sam buy private mortgage insurance to insure the portion of the loan over 75% LTV. Suppose 5 years later, Sam's mortgage balance is $400,000.
Answers (1)
Which of the following items represents a document that includes detailed information on when an incident was detected, how impactful the incident was, and how it was remediated, in addition to incident response effectiveness and any identified gaps
Answers (1)
What should be shown directly below the date in a business letter? a. salutation b. return address c. inside address d. name and position of sender
Answers (1)
Soapsuds Inc., a manufacturer of cleaning agents, supplies its products to All Needs Inc., a supermarket chain. It demands that All Needs create more shelf space in its stores for Soapsuds' products. However, All Needs Inc. refuses to do this.
Answers (1)