The government sometimes creates an excess demand for a product by setting a maximum price at which the product may be sold to consumers. this is sometimes called a:

If demand is unitary elastic, a reduction in price leaves total revenue unchanged because: A. the percentage increase in quantity demanded exceeds the percentage decrease in price. B.

What is authenticity in the often-used framework of quality criteria?

Example of bad location decision

An economic system is a structure for

Uptown Church received a donation of marketable equity securities from a church member. In reviewing the financial press, it is determined that the securities had appreciated during the year.

In 150-words, explain what happens in an economy when the financial markets limit access to capital. How does this affect economic growth and employment

Environmental Designs issues 4,000 shares of its $1 par value common stock at $15 per share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it is no-par value stock

Betty, a cardholder, receives a call inquiring about her ssn. the caller introduces himself as an employee of the travel card vendor and tells her that he needs her ssn to verify the validity of the card. what should betty do?

What are diseconomies of scale?

Two young business school graduates, Laverne and Shirley, form a consulting firm. In deciding between the partnership and corporation form of organization, they are especially concerned about personal liability for giving bad advice to their clients;