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

Author Question: When a government imposes a price floor on a good that is above the market equilibrium price A) a ... (Read 88 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
When a government imposes a price floor on a good that is above the market equilibrium price
 
  A) a surplus will develop.
  B) a shortage will develop.
  C) producers will increase their sales price.
  D) consumers will increase their demand for the good.

Question 2

In deciding whether to operate in the short run, the firm must consider the relationship between price and
 
  A) total cost.
  B) average variable cost.
  C) total fixed cost.
  D) the number of buyers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lolol

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


schs14

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Gracias!

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Superior view of sphenoid bone in floor of cranium Superior view of sphenoid bone in floor of cranium
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library