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Author Question: In the above figure, a price ceiling of 2 would A) create a shortage. B) create a surplus. C) ... (Read 91 times)

Coya19@aol.com

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on: Jun 29, 2018
In the above figure, a price ceiling of 2 would
 
  A) create a shortage.
  B) create a surplus.
  C) have no effect.
  D) cause the demand curve to shift leftward.

Question 2

An industry in which economies of scale allow one firm to supply the entire market at the lowest possible cost is called a
 
  A) legal monopoly.
  B) natural monopoly.
  C) single-price monopoly.
  D) one-firm monopoly.


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raenoj

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

A

Answer to Question 2

B


Coya19@aol.com

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  • Posts: 601
Reply 2 on: Jun 29, 2018
Wow, this really help

dantucker

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Reply 3 on: Yesterday
:D TYSM

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