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Author Question: When the government sets a price floor which is above the equilibrium price A) a surplus will ... (Read 114 times)

lindiwe

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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  B) are outdated and rarely used anymore.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.


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ryhom

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


lindiwe

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  • Posts: 577
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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

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