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Author Question: Assume no price ceiling exists and a market is in equilibrium. Then a price ceiling is established ... (Read 88 times)

natalie2426

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on: Jun 30, 2018
Assume no price ceiling exists and a market is in equilibrium. Then a price ceiling is established which is below the market equilibrium. What would result?
 a. Shortage.
  b. Equilibrium.
  c. Surplus.
  d. Equity.

Question 2

Minimum wage legislation:
 a. sets a price ceiling above the market-clearing price.
  b. has no impact if the minimum wage is above the market-clearing price.
  c. has the same impact in all labor markets.
  d. creates unemployment when the minimum wage is above the equilibrium wage.
  e. is opposed by organized labor.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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pallen55

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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natalie2426

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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