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Author Question: Refer to the above figure. If government sets the maximum legal price of gasoline at 2 per gallon, ... (Read 50 times)

jrubin

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on: Jun 29, 2018
Refer to the above figure. If government sets the maximum legal price of gasoline at 2 per gallon, then the 2 limit acts as
 
  A) a price floor.
  B) a price ceiling.
  C) an equilibrium price.
  D) a just price.

Question 2

In economics, the demand for money is basically a demand for
 
  A) bonds.
  B) status.
  C) liquidity.
  D) investment.


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Ddddd

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

B

Answer to Question 2

C


jrubin

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Reply 2 on: Jun 29, 2018
Wow, this really help

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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