A recent Supreme Court ruling made it easier to prosecute insider trading cases by 13
Multiple Choice
5
points
doubling massive fines for those guilty of Insider trading.
eBook
specifying exactly what type of information can and cannot be disclosed.
prohibiting current or former public officials from realizing stock market gains.
considering even those who share insider information without profiting guilty.

Partnerships are the most common type of business firms in the world. t/f

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale