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Author Question: Assume a price floor is imposed at the current equilibrium price in the market for lettuce. If the ... (Read 114 times)

dalyningkenk

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on: Jun 30, 2018
Assume a price floor is imposed at the current equilibrium price in the market for lettuce. If the demand for lettuce then increases:
 a. a surplus of lettuce will be created.
 b. a shortage of lettuce will be created.
 c. the quantity of lettuce traded remains the same.
  d. the quantity of lettuce supplied will increase.

Question 2

The time span between the beginning of a downturn and the time by which hard data to indicate a downturn is made available is called:
 a. the signal lag.
 b. the implementation lag.
  c. the impact lag.
 d. the recognition lag.


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pami445

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


dalyningkenk

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Reply #2 on: Jun 30, 2018
Thank you :)


pami445

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Reply #3 on: Jun 30, 2018
Happy to help you


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