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Author Question: A maximum price set by law above the market-clearing price is called a A) price cap B) price ... (Read 236 times)

craiczarry

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on: Jun 29, 2018
A maximum price set by law above the market-clearing price is called a
 
  A) price cap
  B) price spike
  C) price floor
  D) price ceiling

Question 2

Refer to the production possibilities frontier in the figure above. Production point ________ represents an ________ production point.
 
  A) b; unattainable
  B) c; unattainable
  C) e; inefficient
  D) c; inefficient


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cassie_ragen

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

C

Answer to Question 2

D


craiczarry

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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

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