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

Author Question: If the equilibrium price for some product is $1000, a price ceiling of $1200 will result in (Read 66 times)

903f23fj0

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022
If the equilibrium price for some product is $1000, a price ceiling of $1200 will result in
◦ massive surpluses of the good.
◦ the same general effects as an administered price of $1200.
◦ the same general effects as a price floor of $1200.
◦ the same general effects as a price ceiling of $600.
◦ no effects because the price ceiling is not binding at that price.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 903f23fj0 on Oct 12, 2022

aublw

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


903f23fj0

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Unique communities may result from distinct environmental conditions. Unique communities may result from distinct environmental conditions.
Alan Price - Poor People Alan Price - Poor People
Michelangelo, The Creation of Adam (restored), ceiling of the Sistine Chapel. Michelangelo, The Creation of Adam (restored), ceiling of the Sistine Chapel.
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library