Marleygaller521 Marleygaller521
  • 25-01-2019
  • Business
contestada

Suppose that the government establishes a price ceiling of $3.70 for wheat.

a. why might the government establish this price ceiling?

Respuesta :

MrsTriplet MrsTriplet
  • 03-02-2019

If the government puts a price ceiling on wheat, they want to make sure that producers aren't selling wheat for a higher amount. A price ceiling is the max price that a producer can price an item to be. By doing this, they make sure that a producer isn't pricing items in demand up extremely high to charge a consumer an obsene amount.

Answer Link

Otras preguntas

Multiplied by 3/4 and then divided by 3/5 is the same as dividing by what? Please explain step by step
What traditional values shape the women’s attitudes toward Nene? Check all that apply. The women befriend Nene because they value Nnaemeka. Nigerian fathers e
What 5 coins add up to 38 cents? Explain how you solved it.
Fill in the blank with the correct form of estar. Yo _____ contenta.
how long should i stay in home isolation if i have the coronavirus disease?
I need help like right away
Highland company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:.
Calculate the average speed of an airplane, in miles per hour, if it travels 1,000 miles in 2 2 1 2 hours.
For the following equation, find a solution for the variable. Show all of your work and use complete sentences to explain the solving process that you used to f
what is the length of FD? Need help do tomorrow!!!