After an earthquake disrupts the supply of clean drinking water to many residents of a city, the city restricts grocery stores from raising the prices they charge for bottled water. If no side markets arise, which of the following statements is true?
1) The law restricting a price increase will exacerbate the water shortage (or "excess demand").
2) Water will be allocated to the consumers with the highest willingness to pay for it.
3) Water will be allocated to the consumers who need it most.
Answers: 3
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An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?
Answers: 3
After an earthquake disrupts the supply of clean drinking water to many residents of a city, the cit...
Computers and Technology, 03.01.2020 19:31