The government has set a price floor on bread. manufacturers cannot sell loaves for less than $5.00, which is a dollar above the market price. what will most likely result from this price control?
the demand for bread will fall, which could result in an excess supply.
the demand for bread will rise, which could result in an excess supply.
the demand for bread will fall, which could result in a decreased supply.
the demand for bread will rise, which could result in a decreased supply.
Answers: 3
Business, 21.06.2019 22:30
Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand
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Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
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Business, 22.06.2019 01:20
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
The government has set a price floor on bread. manufacturers cannot sell loaves for less than $5.00,...