This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A price ceiling below the market clearing price results in I. excess quantity demand II. excess ... (Read 178 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
A price ceiling below the market clearing price results in I. excess quantity demand II. excess quantity supplied III. entry of new producers
 
  A) I only
  B) II only
  C) III only
  D) Both I and III

Question 2

Here's what we know about last year's weekly demand for 2-night DVD rentals in the Village of Harmony: When P = 3, Qd = 100; at P = 5, Qd = 75; and when P = 7, Qd = 50. This year the village population has increased by 25.
 
  What impact is this most likely to have? A) Each individual's demand for DVD rentals will increase.
  B) Each individual's demand curve for DVD rentals will shift to the left.
  C) The market demand curve for DVD rentals shifts left.
  D) The market demand for DVD rentals increases.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Gracias!

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Results of Tracing Methods Results of Tracing Methods
National Sleep Foundation Survey Results National Sleep Foundation Survey Results
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
BLAST results showing a 280-base sequence of a chromosome 12 contig from rats BLAST results showing a 280-base sequence of a chromosome 12 contig from rats
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa
Video: ribosome

For a complete list of videos, visit our video library