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Author Question: If the equilibrium price for some product is $1000, a price ceiling of $800 will result in (Read 67 times)

zl00505

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on: Oct 12, 2022
If the equilibrium price for some product is $1000, a price ceiling of $800 will result in
◦ the same general effects as a price ceiling of $600.
◦ the same general effects as a price floor of $1200.
◦ massive surpluses of the good.
◦ the same general effects as a price ceiling of $1200.
◦ no effects because the price ceiling is not binding at that price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by zl00505 on Oct 12, 2022

Snabbey

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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.
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zl00505

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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