« previous next »

Author Question: If a price floor is a binding constraint on a market, then a. the equilibrium price must be above ... (Read 71 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
If a price floor is a binding constraint on a market, then
 a. the equilibrium price must be above the price floor.
 b. the quantity demanded must exceed the quantity supplied.
  c. sellers cannot sell all they want to sell at the price floor.
  d. buyers cannot buy all they want to buy at the price floor.

Question 2

Money lowers the transaction cost when:
 a. the economy is experiencing rapid inflation.
  b. its value is stable.
 c. the rate of inflation is uncertain.
 d. there is widespread deflation


covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
The uracil-binding pocket of human UNG The uracil-binding pocket of human UNG
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library