Author Question: A price floor that sets the price of a good above market equilibrium will cause: a. a decrease in ... (Read 82 times)

jho37 · **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.