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Author Question: If a price floor on coffee is set above the market-clearing price, then A) the quantity of coffee ... (Read 93 times)

Alainaaa8

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on: Jun 29, 2018
If a price floor on coffee is set above the market-clearing price, then
 
  A) the quantity of coffee demanded will decrease.
  B) the quantity of coffee supplied will increase.
  C) the quantity demanded for coffee will increase.
  D) Both A and B will occur
  E) none of the above will occur.

Question 2

A Pigouvian subsidy leads to a socially efficient outcome by ________.
 
  A) raising individuals' marginal benefit from consumption
  B) lowering the marginal private cost of production
  C) raising the marginal external benefit from consumption
  D) lowering the marginal external cost of production


isabelt_18

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

D

Answer to Question 2

A


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