The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the _____.
Answers
The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the CCPA (Consumer Credit Protection Act)
The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the Consumer Credit Protection Act (CCPA). The CCPA is a federal law that provides various protections to employees whose wages are being garnished by limiting the actions employers can take in response to wage garnishment.
Under the CCPA, employers are prohibited from terminating employees based solely on a single garnishment order. This means that an employer cannot fire an employee simply because their wages are being garnished to satisfy a debt. The law aims to protect employees from unfair treatment or discrimination due to wage garnishment.
However, it is important to note that the CCPA does not provide absolute job security for employees with wage garnishments. In cases where an employee has multiple garnishment orders or their wages are subject to multiple debts, the protection may not apply, and termination may be permissible. Additionally, the CCPA does not prohibit employers from taking other lawful actions related to an employee's performance or conduct.
The CCPA sets limits on the amount of an employee's wages that can be garnished and requires employers to follow specific procedures for handling wage garnishments. It also provides employees with the right to challenge incorrect or excessive garnishment amounts and seek remedies if their rights under the law are violated.
In conclusion, the Consumer Credit Protection Act (CCPA) restricts the right of employers to terminate employees solely based on a single garnishment order. The law aims to protect employees from unfair treatment due to wage garnishment and establishes guidelines and procedures for employers to follow when dealing with wage garnishments.
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Related Questions
easy career class question.
Answers
Answer business
hope this helps
In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answers
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
Which type of lighting can damage merchandise if directly focused on it?
Answers
Answer:
incandescent bulbs
Explanation:
I had the same question and I got the answer right.
"Incandescent bulbs": the type of lighting that can damage merchandise is directly focused on it.
What is UV Light & How to Combat It?Radiation with a wavelength longer than the visible range of violet in the spectrum is referred to be ultraviolet light. UV light is frequently produced by the sun. All works on paper, pictures, library and archive collections, museum pieces, leathers, domestic textiles, and collectables are possibly harmed by ultraviolet radiation, as is a skin without sunscreen. In comparison to incandescent light, it is more noticeable in sunshine and fluorescent lighting.
UV-Filtering Materials: These are substances that remove visible light's ultraviolet (UV) rays. The rate of degradation of things and artefacts stored or shown can be decreased by eliminating UV radiation from storage and exhibition spaces. In addition to being used to cover windows or fluorescent light bulbs in museums, UV-filtering material is also readily accessible in the form of acrylic or glass sheets for practical residential uses.
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Calculate the latest start for Task B if its predecessor, Task A, finishes on day 3, its succeeding activity, Task E, has a latest start of day 7, and the duration of Task B is 2 days. Select one: a. day 7 b. day 5 c. Cannot be calculated based upon information given. d. day 3
Answers
Answer:
Day 5
Explanation:
Calculation of the latest start
Using this formula
Latest start = Activity's latest finish time-Activity's estimated duration
Where,
Latest Finish time= Day 7
Estimated Duration= 2 days
Let plug in the formula
Latest start= Day 7- 2 days
Latest start = Day 5
Therefore the latest start for Task B will be Day 5
Lymen International is considering a significant expansion to its product line. The sales force is excited about the opportunities that the new products will bring. The new products are a significant step up in quality above the company’s current offerings, but offer a complementary fit to its existing product line. Fred Riddick, senior production department manager, is very excited about the high-tech new equipment that will have to be acquired to produce the new products. Barbara Dyson, the company’s CFO, has provided the following projections based on results with and without the new products.
Without New Products
With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
(a) Compute the company’s return on assets, profit margin, and asset turnover, both with and without the new product line. (Round answers to 0 decimal places, e.g. 2% and asset turnover to 1 decimal place, e.g. 6.2)
Without new products
With new products
Return on assets
International sidering offerings, xut offer compl step up with New Products Sales 2,145.20 Average tel Without new products with now products ej abou: red Riddick, bring. Th producti depart
%
%
Profit margin
%
%
Asset turnover
Answers
Answer:
I don't know sorryyyyyjdkd
The computation of the Lymen International Company's return on assets, profit margin, and assets turnover, both with and without the new product line, is as follows:
a) Return on assets = Net Income/Average total assets
Without New Products With New Products
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
= 9% 6%
b) Profit margin = Net Income/ Sales revenue
Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
= 4% 5%
c) Asset Turnover = Net Sales / Average Total Assets
Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Average total assets $5,282,800 $13,930,400
= 2.3 x 1.2 x
How useful are accounting ratios?The accounting ratios above help investors understand the efficiency, profitability, and effectiveness that companies achieve when compared with previous years or with competitors.
For instance, the assets turnover ratio helps investors understand Lymen International Company's effectiveness in using its assets to generate sales.
Data and Calculations:Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
Total assets = $10,565,600 $2,786,0800
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Explain how growing personal income is related to economic conditions.
Answers
Answer:
see below
Explanation:
Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.
Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy
Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the
Answers
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the agile methodology. This methodology is based on flexibility, continuous improvement, and close collaboration between the project team and stakeholders.
Agile methodology emphasizes delivering value to customers through working software or product increments, rather than focusing on detailed plans and documentation. The project team works in short iterations or sprints, adapting to changing requirements and feedback from stakeholders. This approach allows for rapid response to changing market conditions or customer needs, making it ideal for strategic decision making. Agile methodology also allows for experimentation and learning, making it suitable for projects with a high degree of uncertainty.
The iterative approach allows the project team to test assumptions and validate ideas through feedback from customers, reducing the risk of failure. Finally, agile methodology accommodates projects with an unstable scope by allowing for changes in requirements throughout the project lifecycle. The project team can adapt to changing needs and priorities without disrupting the project's overall goals.
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Suppose approximately 75% of all marketing personnel are extroverts, whereas about 55% of all computer programmers are introverts. (Round your answers to three decimal places.) A button hyperlink to the SALT program that reads: Use SALT. (a) At a meeting of 15 marketing personnel, what is the probability that 10 or more are extroverts? What is the probability that 5 or more are extroverts? What is the probability that all are extroverts? (b) In a group of 4 computer programmers, what is the probability that none are introverts? What is the probability that 2 or more are introverts? What is the probability that all are introverts?
Answers
The probability calculations are based on the given percentages of extroverts among marketing personnel and introverts among computer programmers.
(a) Probability calculations for marketing personnel:
1. Probability that 10 or more out of 15 marketing personnel are extroverts: 0.983
2. Probability that 5 or more out of 15 marketing personnel are extroverts: 0.999
At a meeting of 15 marketing personnel, what is the probability that 10 or more are extroverts?(a) For the marketing personnel, we know that approximately 75% are extroverts. To calculate the probability that 10 or more out of 15 marketing personnel are extroverts, we can use the binomial probability formula.
Using this formula, the probability is calculated to be 0.983. Similarly, the probability that 5 or more out of 15 marketing personnel are extroverts is 0.999, and the probability that all 15 marketing personnel are extroverts is 0.316.
3. Probability that all 15 marketing personnel are extroverts: 0.316
(b) Probability calculations for computer programmers:
1. Probability that none out of 4 computer programmers are introverts: 0.002
2. Probability that 2 or more out of 4 computer programmers are introverts: 0.924
3. Probability that all 4 computer programmers are introverts: 0.305
(b) For the computer programmers, we know that about 55% are introverts. To calculate the probability that none out of 4 computer programmers are introverts, we can use the binomial probability formula. The calculated probability is 0.002.
The probability that 2 or more out of 4 computer programmers are introverts is 0.924, and the probability that all 4 computer programmers are introverts is 0.305.
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Mojor logisitics functions are logistics information management inventory management transportation and......
Answers
Answer:
warehousing
Explanation:
These are the options for the question
advertising
warehousing
financial projections
product design
Logistics can be regarded as process involving planning, as well as controlling the efficient and cost-effective flow, implementing and
storage of raw materials, as well as in-process inventory, and related information starting at origin point up to consumption point with the aim of for conforming to requirements of customer.roles of logistics are storage
transportation/delivery,distribution processing, and some activities to deliver products on time. It should be noted that Mojor logisitics functions are logistics information management inventory management transportation and warehousing
Sally is in the new marketing department of a midsized lawn and garden company. She is working on the firm's first-ever STP analysis. She has defined the mission and objectives and identified and selected a segmentation method. The next step is to:________.
A. use the Internet, catalogs, and vendor information to draw up a list of new products.
B. find marketing interns or hire new staff to help with implementation.
C. create pro forma financial statements to complete the package.
D. evaluate the attractiveness of the various segments identified.
E. develop an advertising plan to promote the upcoming sales.
Answers
Answer:
A. use the Internet, catalogs, and vendor information to draw up a list of new products
Explanation:
STP analysis is a method that analysis a product and determines the best way to communicate its benefits to your target group.
STP is an acronym that stands for: Segment your market, Target your best customer, and Position your best offering.
In this case the market has been segmented by Sally who defined the mission and objectives and identified and selected a segmentation method.
The next step is to Target your best customer. This is best done by using the Internet, catalogs, and vendor information to draw up a list of new products.
a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine
Answers
Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.
What is the evolution of printing?The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.
It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.
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Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answers
Answer:
the answer is B and D
on june 13, the board of directors of siewert incorporated declared a 2-for-1 stock split on its 50 million, $10.00 par, common shares, to be distributed on july 1. the market price of siewert common stock was $26 on june 13. prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. what is the par per share after the split
Answers
After the 2-for-1 stock split, the par value per share of Siewert Incorporated's common stock is $5.00.
To prepare a journal entry for the declaration and distribution of the stock split as a 100% stock dividend, follow these steps:
1. Determine the number of new shares issued: 50 million original shares * 2 (2-for-1 stock split) = 100 million shares.
2. Calculate the new par value per share: $10.00 original par value / 2 = $5.00.
3. Compute the total value of the stock dividend: 50 million new shares * $5.00 par value = $250 million.
4. Record the journal entry:
- Debit "Retained Earnings" for $250 million.
- Credit "Common Stock" for $250 million.
This journal entry summarizes the declaration and distribution of the stock split, and shows that the par value per share has been reduced to $5.00 after the split.
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Open the SAS data table titled CARS in SAS Data Studio (Prepare Data APP in SAS Viya). Create a variable called 'MARGIN', which takes the difference between MSRP and Invoice (MSRP-Invoice). Make sure that under options for new columns you change the type to double. Run the plan. Save it as an in-memory table only. Run the profile for the Saved table. Answer the following question: Question A) What is the median of the "MARGIN' variable in the saved table? (write your answer into box 1 with two digits after the decimal). (2 pts) Question B) Bring your saved table into SAS Visual Analytics. If you click on DriveTrain and margin and drag the two on the canvas for an auto chart, what is the exact margin value for ALL-wheel drive çars? (write the exact value as shown on your graph into box 2). (2 pts) Question C) What does the value in your in box 2 mean? (type your answer in box 3) (2 pts) Question D) Can the value in box 2 be made more meaningful? How? (type your answer in box 4) (2 pts)
Answers
The median of the "MARGIN' variable in the saved table is 4,050.00. The exact margin value for All-wheel drive cars is 10,545.83. The value in the box 2 represents the difference between the MSRP and Invoice.
Yes, the value in box 2 can be made more meaningful by creating a chart or a graph to visually represent the difference in margin between different types of cars such as All-wheel drive cars, front-wheel drive cars, or rear-wheel drive cars.
To create a variable called 'MARGIN', which takes the difference between MSRP and Invoice (MSRP-Invoice) in SAS data table titled CARS in SAS Data Studio, follow these steps: Open the Prepare Data APP in SAS Viya. Click on the "CARS" table from the library.
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What people need to make a phones?
Answers
Answer:
Some electronic gadgets wires and all other stuff
under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answers
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
Who heads each of the branches of federal reserve banks and looks after their functioning?
Answers
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
in a supply chain for talent acquisition, which of the following identifies a small pool of candidates who receive offers?
Answers
The term that identifies a small pool of candidates who receive offers in a supply chain for talent acquisition is "selection".
This is the final stage of the Effective talent acquisition, where the organization makes a decision on which candidates to hire from the pool of applicants. The selection process typically involves assessing candidates based on various criteria such as skills, experience, and cultural fit. Once the best candidates are identified, they are offered positions in the organization.
Effective talent acquisition is essential for organizations to succeed in today's competitive business environment. It ensures that organizations have the right talent in the right positions, which, in turn, helps to improve performance, productivity, and profitability. By having a robust talent acquisition supply chain, organizations can attract, select, and retain top talent that can contribute to the organization's success.
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Lanning to finance higher education helps people prepare for their financial future because it teaches them about loans and interest. savings accounts. filing taxes. short-term goals.
Answers
Planning to finance higher education helps people prepare for their financial future because it teaches them about funds management and loans and interest.
The oversight and management of an economic institution's cash flow is known as funds management. The fund manager will ensure that the deposit maturity schedules correspond to the loan demand. To do so, the manager examines the both obligations and the investments that affect the bank's capacity to provide credit.
Loan means the time period over which the borrower must repay the loan. The rate that the quantity owed grows, usually expressed as an annual percent rate (APR) is known as Interest Rate. Loan Payments are defined as amount of cash that must be paid each month or week to gratify the loan terms.
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Social Security and Medicare taxes are two types of
taxes.
O A. employment
O B. sales
O C. property
D. income
Answers
Answer:
Income taxes
Explanation:
Those are two type of income taxes and i know this because my grandma gets those lololol..no joke though
a junior operator who violates a passenger restriction
What can a junior operator be charged with for violating the time restriction?
Answers
If a junior operator violates a passenger restriction, they could potentially face charges of negligence or reckless operation, depending on the specific circumstances of the violation and the laws in the jurisdiction where the violation occurred.
Additionally, the operator's employer or the company that owns the aircraft could also face penalties or fines for allowing the violation to occur. It's best to consult with a lawyer or legal professional to determine the specific charges that may apply in this situation.
While someone facing a civil negligence claim may be required to pay money to someone who was injured as a result of their acts, someone found guilty of criminal negligence may be sentenced to jail time or probation.
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Suppose that the demand curve for wheat is Q = 100 - 10p and the supply curve is Q = 10p. The government imposes a price ceiling of p = 3. a. Describe how the equilibrium changes. b. What effect does this price ceiling have on consumer surplus, producer surplus, and dead- weight loss?
Answers
a. The equilibrium changes due to the price ceiling imposed by the government. In the absence of a price ceiling, the equilibrium price and quantity would be determined by the intersection of the demand and supply curves.
However, with the price ceiling set at p = 3, it becomes a binding constraint on the market. The price cannot rise above 3, which affects the equilibrium.
To find the new equilibrium quantity, we set the price ceiling equal to the supply curve: 10p = 3. Solving for p, we get p = 0.3. Substituting this price back into either the demand or supply equation, we find the new equilibrium quantity, Q = 10(0.3) = 3.
b. The price ceiling has several effects on the market. Consumer surplus is the area between the demand curve and the price line, which represents the benefit consumers receive from paying a price lower than their willingness to pay. With the price ceiling, consumer surplus increases because consumers can now purchase wheat at a lower price. However, producer surplus, which is the area between the price line and the supply curve, decreases because producers are unable to sell wheat at the higher equilibrium price.
The introduction of the price ceiling also results in deadweight loss, which represents the loss of total surplus in the market. In this case, deadweight loss occurs because the quantity supplied and demanded at the new equilibrium (Q = 3) is lower than the quantity at the original equilibrium. This reduction in trade leads to a loss in overall welfare, as some potential gains from trade are not realized.
In summary, the price ceiling increases consumer surplus, decreases producer surplus, and creates deadweight loss in the market.
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Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.
Answers
D. They want to be sure the applicant can collaborate and work well
with other team members.
Explanation:
Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.
What is a technical job?Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.
Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.
However, it is important to realize not all technical skills at an individual’s disposal should be listed.
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based on the videos we watched in class, what is true about public transit? question 13 options: it is market with positive externalities and should be subsidized to bring us into socially optimal equilibrium. it is market with negative externalities and should be taxed to bring us into socially optimal equilibrium. it is market with positive externalities and should be taxed to bring us into socially optimal equilibrium. it is market with negative externalities and should be subsidized to bring us into socially optimal equilibrium.
Answers
Based on the videos we watched in class, it is true that public transit is a market with positive externalities and should be subsidized to bring us into socially optimal equilibrium. Positive externalities refer to the benefits that are enjoyed by the society as a whole, but not necessarily reflected in the market price. In the case of public transit, the benefits include reduced traffic congestion, improved air quality, and increased access to employment opportunities, education, and healthcare. These benefits are not fully captured by the fare revenue generated by public transit providers. Therefore, public transit requires subsidies to operate and expand its services to meet the demand of the public. By subsidizing public transit, we can encourage more people to use it, which in turn reduces the negative externalities associated with private car use, such as traffic congestion, air pollution, and greenhouse gas emissions.
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Select the appropriate case to which each is most closely related. Found auditors liable for ordinary negligence under the Securities Act of 1933.
Multiple Choice
a Escott v. BarChris Construction Corp.
b Ultramares Corp. v. Touche.
c Credit Alliance v. Arthur Andersen.
d Ernst & Ernst v. Hochfelder.
Answers
Found auditors liable for ordinary negligence under the Securities Act of 1933 is related to the Escott v. BarChris Construction Corp. case.
The Securities Act of 1933 was an act of Congress that was created to ensure transparency and reduce the possibility of fraud in the securities industry.
This legislation was a response to the stock market crash of 1929, which had a devastating impact on the American economy.
The Securities Act of 1933 required businesses to disclose important financial and other information about their securities before they could be sold to the public.
The answer to this question is "a Escott v. BarChris Construction Corp." because this case involved auditors who were found responsible for their acts of negligence.
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The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
I will mark as brainliest! PLEASE HELP ASAP!¹
Net value is:
a. the total value of the portfolio
b. a share price of the mutual fund
c. the total value of bonds in the portfolio
d. none of the above
¹if applicable and appropriate
Answers
Answer:
b
Explanation:
The correct answer would be a share price of the mutual fund.
The Net Asset Value (NAV) is defined as the total assets less the total liability of a mutual fund or an exchange-traded fund. Mathematically, it is represented as:
NAV = asset's value - liability's value
The net asset value, when it concerns the mutual fund is represented on a per-share basis and is used to determine the value of assets held by investors.
Hence, the net asset value can be viewed as a share price of the mutual fund.
Correct option: b
a price ceiling established below the market clearing price will usually cause a decrease in the market clearing price. an excess supply. no change in the market clearing price. nonprice rationing.
Answers
A price ceiling established below the market clearing price will usually cause an excess supply.
A price ceiling is a cap placed by the government on the most that may be paid for an item or service. There will be an excess of the item or service on the market if the price cap is set below the market clearing price, if the quantity provided and requested are equal.
Although providers are prepared to create and sell less because they are not receiving the market clearing price they would want, consumers will be willing to buy more of the item or service at the lower price. A surplus of the item or service that isn't being sold will occur as a result. This surplus supply may result in rationing that isn't price-based, long queues, and shortages (Option D),
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