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 91 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
Wow, this really help

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Main Hall, Trajan's Market Main Hall, Trajan's Market
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
A wheel of diameter 0.70 m rolls on the floor without slipping. A point at the top of the wheel ... A wheel of diameter 0.70 m rolls on the floor without slipping. A point at the top of the wheel ...
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library