A price ceiling set below the equilibrium price ________ search ...

[dmcintosh]

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.

[Heffejeff]

Answer to Question 1

A

Answer to Question 2

C

[dmcintosh]

Thanks for the timely response, appreciate it

[Joy Chen]

YES! Correct, THANKS for helping me on my review