« previous next »

Author Question: A minimum wage is an example of a A) price floor. B) price ceiling. C) quantity quota. D) free ... (Read 93 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?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The
Correct position when lifting a heavy object off the floor. Correct position when lifting a heavy object off the floor.
Cross Section of Skin and Free Nerve Endings Cross Section of Skin and Free Nerve Endings
Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ... Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ...
An ice-free summer opens the Arctic for exploration An ice-free summer opens the Arctic for exploration
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library