Business, 15.04.2020 01:40 abbeymorris3184
Suppose that the market equilibrium price for a medical check-up is $50, in a market in which there is no health insurance. To encourage more people to get a check-up, the local government indicates that the price of a check-up cannot be more than $40
a. Is this a price floor or a price ceiling?
b. Draw a graph to illustrate the implementation of the policy.
c. What happens to the number of check-ups in the market? Show on your graph.
d. What happens to consumer surplus in the market? What happens to producer surplus?
Answers: 2
Business, 22.06.2019 11:30
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
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Business, 22.06.2019 23:00
The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.
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Business, 23.06.2019 10:00
How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the business going by considering how much the product is worth to the consumer
Answers: 3
Suppose that the market equilibrium price for a medical check-up is $50, in a market in which there...
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