« previous next »

Author Question: A price ceiling set below the equilibrium price creates a shortage. a. True b. False Indicate ... (Read 52 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
A price ceiling set below the equilibrium price creates a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease.
 a. True
  b. False
  Indicate whether the statement is true or false


vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Crossing over creates heteroduplex DNA Crossing over creates heteroduplex DNA
True Friendship True Friendship
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library