When there is a binding price ceiling A) there is no ...

[humphriesbr@me.com]

When there is a binding price ceiling
 
  A) there is no equilibrium.
  B) the quantity demanded does not equal the quantity supplied.
  C) all potential customers are happy because they can buy the good at a lower price.
  D) producers move production to another country.

Question 2

Positive externalities ______.
 
  a. are not important economically
  b. should be reduced through subsidiziation
  c. are undersupplied by unfettered markets
   d. can be ignored

[adammoses97]

Answer to Question 1

B

Answer to Question 2

c

[humphriesbr@me.com]

Great answer, keep it coming

[emsimon14]

Thanks for the timely response, appreciate it