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Author Question: The demand for corn has increased in May without any change in supply. Eight months later there ... (Read 51 times)

Ebrown

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Question 1

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are


◦ administered prices.
◦ sticky prices.
◦ regulatory prices.
◦ market prices.

Question 2

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a


◦ price floor.
◦ price control.
◦ sticky price.
◦ macroeconomic price.


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Marked as best answer by Ebrown on Apr 19, 2019

jennafosdick

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