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faltersainse
2 months ago
12

Alabama this winter was socked in with snow which closed highways, stores and schools for weeks. Because of the road closures, s

oup was in greater demand but short on supply. The government put a temporary price ceiling on the cost of soup at $1. If the equilibrium for soup was at $5, what do you think happened?
Business
1 answer:
arsen [3.4K]2 months ago
8 0
people initiate an underground market to peddle soup and provide delivery services for it. we recognize that the winter conditions, particularly snow, lead to highway closures, disrupting transport. If shops are shut, this would heighten demand while the supply dwindles. Should the government impose a temporary price cap of $1 on soup, down from an equilibrium price of $5, I believe individuals will attempt to hoard supplies owing to the significant demand paired with scarce availability, prompting the emergence of a black market for soup sales and deliveries.
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In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid
Nady [3600]

Answer:

The accurate choice is:

b) lower prices for consumers and producers

Explanation:

In the USA, food is a crucial necessity that the government ensures is accessible to its citizens. Many agricultural goods receive government subsidies, aiding both farmers (producers) and consumers.

Producers benefit from subsidies through incentives, agricultural tools, and grants. Conversely, consumers gain benefits from the lowered prices of agricultural crops.

6 0
2 months ago
It is April 19, 2012 and you suddenly remember that your credit card bill is due the next day. You have the money in your checki
Nady [3600]

Answer: One potential action is to contact the credit card company to inquire if the payment can be made over the phone.

Explanation:

Other alternatives for settling a credit card bill without mailing include online payments. You'll need to create an online account, which typically requires your account number and some identification details. After registering, you can select the pay now feature to use your debit card or an online checking option for payment. It will process swiftly, though it may take a day to reflect in your account.

Most credit card companies offer an automated service allowing customers to make payments during the call. You'll require your card number, social security number, and debit card details for this transaction. While these payments are commonly free, it may vary based on the specific credit card provider.

8 0
2 months ago
Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the exp
marusya05 [3725]

Answer:

P14 = $55.69545045394 rounded to $55.70

Explanation:

The dividend discount model (DDM) based on constant growth can help determine the current stock price. It assesses a stock’s price using the present value of the anticipated future dividends. The formula for determining today's price with a constant growth DDM is,

P0 = D1 / (r - g)

Where,

  • D1 represents the expected dividend for Year 1 or the following year
  • g denotes the constant growth rate for dividends
  • r signifies the discount rate or the required rate of return

To find the stock price today, we will utilize the dividend expected in Year 1. Consequently, to compute the stock price 14 years into the future, we calculate D15. D15 can be figured out as follows,

D15 = D1 * (1+g)^14

D15 = 0.50 * (1+0.09)^14

D15 = $1.67086351362 rounded to $1.67

Now applying the DDM formula for the price,

P14 = 1.67086351362 / (0.12 - 0.09)

P14 = $55.69545045394 rounded to $55.70

6 0
3 months ago
A comedian knows twelve jokes. one joke is​ old, one joke is​ new, and the other jokes are somewhere between. if the order in wh
marusya05 [3725]
This pertains to permutations, and since we are fixing the first and last joke's positions based on the information provided, there are 10 remaining jokes to arrange. Any unique ordering of these 10 jokes will yield a different configuration, thereby giving us a total of 10! arrangements, which can be calculated as 10! = 10*9*8*7*6*5*4*3*2*1 = 3628800. Thus, there are 3628800 different sequences to present the old joke first and the new joke at the end.
3 0
1 month ago
Read 2 more answers
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