This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A price floor that sets the price of a good above market equilibrium will cause: a. a decrease in ... (Read 59 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
A price floor that sets the price of a good above market equilibrium will cause:
 a. a decrease in quantity demanded of the good.
  b. an increase in quantity supplied of the good.
  c. a surplus of the good.
  d. all of these.

Question 2

Which of the following is the most likely result of an increase in the minimum wage?
 a. An increase in the employment of unskilled workers.
  b. A decrease in the number of workers seeking minimum wage jobs.
  c. An increase in the demand for unskilled workers.
  d. A decrease in the employment of unskilled workers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


jho37

  • Member
  • Posts: 531
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

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?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

onions taste good onions taste good
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Humburger is a good source of niacin , vitamin B6 and pantothenic acid Humburger is a good source of niacin , vitamin B6 and pantothenic acid
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
The diagonal of the floor of a rectangular office cubicle is 2 ft longer than the ... The diagonal of the floor of a rectangular office cubicle is 2 ft longer than the ...
Video: Otitis Media

For a complete list of videos, visit our video library