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Author Question: When the market clearing price of gasoline after a hurricane spikes to 6.00 but legislators enact ... (Read 59 times)

sabina

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When the market clearing price of gasoline after a hurricane spikes to 6.00 but legislators enact anti-gouging legislation that keeps prices at 4,
 
  A) consumers as a whole will tend to benefit.
  B) producers will have less incentive to bring gasoline to the areas where gasoline is most highly valued.
  C) government will ensure that no shortages will develo

Question 2

A ________ occurs when an economic activity has a spillover cost that does not affect those directly engaged in the activity.
 
  A) positive externality
  B) negative externality
  C) gain in producer surplus
  D) gain in consumer surplus



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bimper21

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Answer to Question 1

B

Answer to Question 2

B




sabina

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


jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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