As illustrated in the textbook, the government can further ...

[dalyningkenk]

As illustrated in the textbook, the government can further increase the support price of a commodity by purchasing excess supplies and using a:
 
  A) production quota.
  B) consumption tax.
  C) excess profits tax.
  D) minimum wage.

Question 2

What is a reference point?
 
  A) the value of a good on the black market
  B) the point from which an individual makes a consumption decision
  C) a subjective valuation of a good
  D) the minimum price that an individual would sell a good that she currently owns
  E) none of the above

[lcapri7]

Answer to Question 1

A

Answer to Question 2

B

[dalyningkenk]

Thank you

[lcapri7]

Happy to help you