Business, 06.09.2019 01:30 krishimotam

Suppose the government has imposed a price floor on cellular phones. which of the following events could transform the price floor from one that is binding to one that is not binding?
a. cellular phones become less popular.
b. traditional land line phones become more expensive.
c. the components used to produce cellular phones become less expensive.
d. firms expect the price of cellular phones to fall in the future.

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Answer from: hopej1980

The best answer choice to the question: Which of the following events could transform the price floor from one that is binding to one that is not binding? would be, B: Traditional land line phones become more expensive.

Explanation:

Governments make economic decisions all the time, and generate policies on all matters pertaining to markets, in order to maintain a balance. Sometimes, due to specific circumstances, products can become less necessary, or less interesting, for buyers, be it because the prices are too high for the product, be it because there is little money to spend on certain items, or be it because other items on the market can replace the product on offer. To regulate this, governments thus bind products, and pricing, to encourage the consumption of one, or another product, and thus maintain an economic balance. In this case, cellular phones have become less interesting to consumers because using landline phones is cheaper and more effective, so they do not need cellphones. The government, to maintain the economy, places a floor on pricing, and the way to make this measure not binding, is by making traditional landline phones more expensive than cellphones, thus motivating people to buy more cellphones.

Answer from: Quest

answer; i believe that the correct answer is ( secondary research); //

Answer from: Quest

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

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