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Author Question: An individual who holds some of her wealth in the form of money in order to pay rent and buy ... (Read 46 times)

Yi-Chen

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on: Jun 30, 2018
An individual who holds some of her wealth in the form of money in order to pay rent and buy groceries is illustrating the transactions demand for money.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a price ceiling is a binding constraint on a market, then
 a. the equilibrium price must be below the price ceiling.
 b. the quantity supplied must exceed the quantity demanded.
  c. sellers cannot sell all they want to sell at the price ceiling.
  d. buyers cannot buy all they want to buy at the price ceiling.


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flexer1n1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


Yi-Chen

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

steff9894

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

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