Author Question: When the government sets a price floor which is above the equilibrium price A) a surplus will ... (Read 69 times)

lindiwe · **on:** Jun 29, 2018

When the government sets a price floor which is above the equilibrium price

A) a surplus will develop.
B) a shortage will develop.
C) the equilibrium price will be maintained.
D) a price ceiling will follow.

Question 2

The U.S. antitrust laws

A) aid monopolies in their quest to dominate the market for a good or service.
B) are outdated and rarely used anymore.
C) promote competition.
D) are administered by the Department of Commerce.