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Author Question: The most competitive industry of those presented in the above table is likely to be industry A) ... (Read 73 times)

chandani

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on: Jun 29, 2018
The most competitive industry of those presented in the above table is likely to be industry
 
  A) W.
  B) X.
  C) Y.
  D) Z.

Question 2

If a price floor is set below the current market clearing price, then
 
  A) a surplus must immediately occur.
  B) a shortage must immediately occur.
  C) there will be incentives for black markets to develop.
  D) quantity demanded will remain equal to quantity supplied at the current market clearing price.


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vboyd24

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

B

Answer to Question 2

D


chandani

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

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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