subject
Business, 19.06.2020 00:57 bbyjoker

Your uncle from back east visits for Thanksgiving. He tells you about his proposal to prevent high prices for plowing snow from driveways after snowstorms. Private companies charge $300 for this service, a price he considers too high. He wants the city council to pass a law capping the price at $100.Using your recent learning in economics, draw the supply/demand diagram showing the situation before the law is passed. What does it look like?Then, how would your uncle's proposal affect the market? Show this in your diagram?What would be a better proposal? Show why this proposal is better using a supply/demand diagram.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 13:10
Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock
Answers: 1
question
Business, 22.06.2019 17:00
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
Answers: 2
question
Business, 22.06.2019 20:00
After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of
Answers: 1
question
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
You know the right answer?
Your uncle from back east visits for Thanksgiving. He tells you about his proposal to prevent high p...
Questions
question
Biology, 03.09.2020 03:01
question
Mathematics, 03.09.2020 03:01
question
Biology, 03.09.2020 03:01
question
Biology, 03.09.2020 03:01
question
Mathematics, 03.09.2020 03:01
question
Mathematics, 03.09.2020 03:01
Questions on the website: 13722360