Assume there is a price floor imposed on a good which is above ...

[mrsjacobs44]

Assume there is a price floor imposed on a good which is above the equilibrium price. Which of the following changes would reduce the size of the surplus?
 a. An increase in demand.
  b. A decrease in demand.
  c. An increase in supply.
  d. Any of the above.

Question 2

Barter system is less desirable than using money for exchange because:
 a. it is a more inefficient and a time-consuming process.
 b. gold and silver are risky and inconvenient to transport.
 c. it tends to promote inflation.
 d. gold and silver are relatively scarcer than other commodities.

[hollysheppard095]

Answer to Question 1

a

Answer to Question 2

a

[mrsjacobs44]

Thanks for the timely response, appreciate it

[meganmoser117]

Excellent