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Author Question: A minimum wage is an example of a A) price floor. B) price ceiling. C) quantity quota. D) free ... (Read 40 times)

RODY.ELKHALIL

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on: Jul 1, 2018
A minimum wage is an example of a
 
  A) price floor.
  B) price ceiling.
  C) quantity quota.
  D) free market equilibrium.

Question 2

Which of the following is a potential result of a price ceiling?
 
  A) excess supply
  B) long lines
  C) higher quality output
  D) higher marginal costs
Microeconomics ¦ Perloff ¦ 8th Edition
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jlaineee

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

A

Answer to Question 2

B


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