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Author Question: Price ceilings cause a. Some suppliers to drop out of the market as they cannot charge the price ... (Read 53 times)

Jramos095

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on: Jul 1, 2018
Price ceilings cause
 a. Some suppliers to drop out of the market as they cannot charge the price they were earlier charging
  b. A reduction in the quality of the product
  c. The creation of black markets
  d. All the above

Question 2

When interest rates fall, people are
 a. More likely to borrow
 b. Less likely to borrow
 c. Not likely to change borrowing patterns
  d. None of the above


jomama

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


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