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Author Question: A price floor that sets the price of a good above market equilibrium will cause: a. a decrease in ... (Read 51 times)

jho37

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on: Jun 30, 2018
A price floor that sets the price of a good above market equilibrium will cause:
 a. a decrease in quantity demanded of the good.
  b. an increase in quantity supplied of the good.
  c. a surplus of the good.
  d. all of these.

Question 2

Which of the following is the most likely result of an increase in the minimum wage?
 a. An increase in the employment of unskilled workers.
  b. A decrease in the number of workers seeking minimum wage jobs.
  c. An increase in the demand for unskilled workers.
  d. A decrease in the employment of unskilled workers.


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samiel-sayed

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

d

Answer to Question 2

d


jho37

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  • Posts: 531
Reply 2 on: Jun 30, 2018
Excellent

sailorcrescent

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

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