« previous next »

Author Question: Suppose a price ceiling is currently set below the equilibrium price. Now suppose that policy makers ... (Read 96 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Suppose a price ceiling is currently set below the equilibrium price. Now suppose that policy makers decide to lower the price ceiling. This reduction in the price ceiling will cause which of the following to occur?
 
  A) The shortage in the market will decrease.
  B) The shortage in the market will increase.
  C) The surplus in the market will decrease.
  D) The surplus in the market will increase.

Question 2

Which of the following are mentioned as forces of the new growth theory that influence economic growth? I. Technology II. Research III. Innovations
 
  A) I only
  B) I and II only
  C) I and III only
  D) II and III only
  E) I, II, and III


cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Michelangelo, The Creation of Adam (restored), ceiling of the Sistine Chapel. Michelangelo, The Creation of Adam (restored), ceiling of the Sistine Chapel.
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
The executive legislative "struggle" over foreign policy The executive legislative "struggle" over foreign policy
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library