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Author Question: A price floor is a price set below equilibrium by government and it creates a shortage. a. True b. ... (Read 105 times)

tiffannnnyyyyyy

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on: Jun 30, 2018
A price floor is a price set below equilibrium by government and it creates a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume a price floor is set above the equilibrium price. The result is a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false


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Gabe

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

False

Answer to Question 2

False


tiffannnnyyyyyy

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  • Posts: 512
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xthemafja

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  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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