This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As long as the actual market price exceeds the equilibrium market price, there will be: A) ... (Read 44 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
on: Jul 1, 2018
As long as the actual market price exceeds the equilibrium market price, there will be:
 
  A) downward pressure on the market price.
  B) upward pressure on the market price.
  C) no purchases made.
  D) Both A and C are correct.
  E) Both B and C are correct.

Question 2

Refer to Figure 9.3. If the government establishes a price ceiling of 1.00, producer surplus will
 
  A) fall by 150.
  B) fall by 300.
  C) remain the same.
  D) rise by 150.
  E) rise by 300.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


chandani

  • Hero Member
  • *****
  • Posts: 541
Reply #2 on: Jul 1, 2018
Correct answers!


aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

The U.S. Long-Term Ecological Research (LTER) network. The U.S. Long-Term Ecological Research (LTER) network.
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
How Long Does Poverty Last? How Long Does Poverty Last?
Effects of Retrieval Practice on Predicted and Actual Memory Performance Effects of Retrieval Practice on Predicted and Actual Memory Performance
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library