If the government imposes a price floor at 10 (i.e. the price ...

[Mollykgkg]

If the government imposes a price floor at 10 (i.e. the price must be 10 or higher) in the above market, how many goods will be traded?
 a. Four
  b. Five
  c. Six
  d. Seven

Question 2

The use of quarterly data to develop the forecasting model Yt = a +bYt1 is an example of which forecasting technique?
 a. Barometric forecasting
  b. Time-series forecasting
  c. Survey and opinion
  d. Econometric methods based on an understanding of the underlying economic variables involved
  e. Input-output analysis

[anoriega3]

Answer to Question 1

b

Answer to Question 2

b