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Author Question: The minimum price for a good set by the government above the equilibrium price is called a: a. ... (Read 49 times)

nummyann

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on: Jun 30, 2018
The minimum price for a good set by the government above the equilibrium price is called a:
 a. price ceiling.
  b. price floor.
  c. parity price ratio.
  d. market-generated price.
  e. deficiency price.

Question 2

Price floors are instituted because the government wants to:
 a. help consumers.
  b. help producers.
  c. raise tax revenue.
  d. prevent imports.
  e. increase demand.


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polinasid

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

b

Answer to Question 2

b


nummyann

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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