« previous next »

Author Question: A minimum wage is an example of a A) price floor. B) price ceiling. C) quantity quota. D) free ... (Read 86 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jul 1, 2018
A minimum wage is an example of a
 
  A) price floor.
  B) price ceiling.
  C) quantity quota.
  D) free market equilibrium.

Question 2

Which of the following is a potential result of a price ceiling?
 
  A) excess supply
  B) long lines
  C) higher quality output
  D) higher marginal costs
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
Barrel-vaulted gallery, ground floor of the Colosseum, Rome. Barrel-vaulted gallery, ground floor of the Colosseum, Rome.
Free Radicals and Antioxidants Free Radicals and Antioxidants
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library