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The government might enact a price ceiling in order to accomplish what?
The government may impose a price ceiling in order to increase supply.
What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
How would a new excise tax effect the supply curve?
It would probably cause the supply curve upwards and shift to the left.
Does a price ceiling cause wasted resources?
yes, because when government impose price ceiling, the supply will decrease,but demand will increase, it will cause shortage, so it causes wasted resources.
What questions should be asked about an excise tax or government supply regulation to determine its purpose?
One question that should be asked is whether the government is using this excise tax or regulation as a way to try to keep people from buying the product because they think it is bad for them, as in the case of tobacco or alcohol. Another question that can be asked is whether the regulations are for the purpose of trying to control the environmental effects, as in the case of automobiles.
The government might enact a price ceiling in order to accomplish what?
The government may impose a price ceiling in order to increase supply.
What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
How would a new excise tax effect the supply curve?
It would probably cause the supply curve upwards and shift to the left.
Does a price ceiling cause wasted resources?
yes, because when government impose price ceiling, the supply will decrease,but demand will increase, it will cause shortage, so it causes wasted resources.
What questions should be asked about an excise tax or government supply regulation to determine its purpose?
One question that should be asked is whether the government is using this excise tax or regulation as a way to try to keep people from buying the product because they think it is bad for them, as in the case of tobacco or alcohol. Another question that can be asked is whether the regulations are for the purpose of trying to control the environmental effects, as in the case of automobiles.
How does legislation affect supply and demand?
Some things may be banned, or supplied free by Government. More usually supply and demand are manipulated by taxation policies.
How would Government restrictions affect consumer surplus?
Government restrictions would decrease consumer surplus because it shifts the supply curve to the left
What external factors affect marketing strategy?
There are many external and environmental factors that affect marketing. Some of these include economy, government, supply lines, and consumer trends.
How does productivity affect supply?
no
How does subsidy affect supply?
It decreases cost of production and increases supply.
Which of these can affect the economy by increasing or decreasing the money supply?
The Federal Reserve Board can affect the economy by increasing or decreasing the money supply.
When the government prevents prices from adjusting naturally to supply and demand?
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.
