This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the above figure. If government sets the maximum legal price of gasoline at 2 per gallon, ... (Read 81 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

The meninges. This figure illustrates the location and structure of each layer of the meninges and t The meninges. This figure illustrates the location and structure of each layer of the meninges and t
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot. Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot.
EYEMA-O-BYERI (Reliquary Figure) EYEMA-O-BYERI (Reliquary Figure)
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library