Author Question: A price ceiling set below the equilibrium price creates a shortage. a. True b. False Indicate ... (Read 71 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
A price ceiling set below the equilibrium price creates a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease.
 a. True
  b. False
  Indicate whether the statement is true or false



vish98

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

True

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library