When the government sets a price floor which is above the ...

[lindiwe]

When the government sets a price floor which is above the equilibrium price
 
  A) a surplus will develop.
  B) a shortage will develop.
  C) the equilibrium price will be maintained.
  D) a price ceiling will follow.

Question 2

The U.S. antitrust laws
 
  A) aid monopolies in their quest to dominate the market for a good or service.
  B) are outdated and rarely used anymore.
  C) promote competition.
  D) are administered by the Department of Commerce.

[ryhom]

Answer to Question 1

A

Answer to Question 2

C

[lindiwe]

Thanks for the timely response, appreciate it

[recede]

Gracias!