[Answered] What is the difference between the price floor and the price ...

This topic contains a solution. Click here to go to the answer

« previous next »

Author Question: What is the difference between the price floor and the price ... (Read 56 times)

cartlidgeashley

Hero Member
Posts: 572

on: Jun 29, 2018

What is the difference between the price floor and the price ceiling?

Question 2

What is the spot rate?

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

jennafosdick

Sr. Member
Posts: 345

Reply #1 on: Jun 29, 2018

Answer to Question 1

The price floor is the lowest price a company can charge for a good/service and still cover costs; the price ceiling is the highest price that can be charged in a market.

Answer to Question 2

The spot rate is the exchange rate for any given time of day.

cartlidgeashley

Member
Posts: 572

Reply 2 on: Jun 29, 2018

Gracias!

Laurenleakan

Member
Posts: 309

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

« previous next »

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.