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Author Question: A price ceiling set below the equilibrium price ________ search activity and ________ the use of ... (Read 46 times)

dmcintosh

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on: Jun 29, 2018
A price ceiling set below the equilibrium price ________ search activity and ________ the use of black markets.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; increases
  D) decreases; decreases

Question 2

Opportunity cost is represented on the production possibilities frontier by
 
  A) attainable and unattainable points.
  B) efficient and inefficient points.
  C) the amount of good Y forgone when more of good X is produced.
  D) technological progress.


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Heffejeff

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


dmcintosh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
Excellent

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