This topic contains a solution. Click here to go to the answer

Author Question: An example of a price ceiling would be: a. a ration coupon. b. a guarantee of a target price for ... (Read 49 times)

stock

  • Hero Member
  • *****
  • Posts: 573
An example of a price ceiling would be:
 a. a ration coupon.
  b. a guarantee of a target price for farm products.
  c. parity pricing.
  d. rent control.
  e. the soil bank program.

Question 2

One likely result of a price ceiling is that:
 a. a surplus of product would result.
  b. the price charged in the market would be above the equilibrium price.
  c. the price charged in the market would be the equilibrium price.
  d. the available product must be rationed.
  e. the market supply curve will shift to the right.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

d

Answer to Question 2

d




stock

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Excellent


dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Thyroid conditions may make getting pregnant impossible.

For a complete list of videos, visit our video library