« previous next »

Author Question: Assume that your state government has placed a price ceiling of .20 per kilowatt hour on ... (Read 53 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Assume that your state government has placed a price ceiling of .20 per kilowatt hour on electricity. The equilibrium price per kilowatt hour for electricity is .25. The government's action will result in
 
  A) a surplus of electricity in the electricity market.
  B) an increase in the price of electricity to .25 per kilowatt hour.
  C) an increase in producer surplus.
  D) a deadweight loss.

Question 2

A major purpose of tariffs is to
 
  A) encourage imports.
  B) encourage exports.
  C) discourage imports.
  D) discourage exports.


sylvia

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

An activation barrier, representing the transition state An activation barrier, representing the transition state
Federal vs state law Federal vs state law
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
Steady State in the Two-Country Model Steady State in the Two-Country Model
Changes of State of Water Changes of State of Water
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library