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Author Question: Which of the following is NOT a potential result of a price floor? A) excess supply B) price ... (Read 18 times)

magmichele12

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Which of the following is NOT a potential result of a price floor?
 
  A) excess supply
  B) price greater than free-market equilibrium price
  C) Lower quality inputs are used, which increases marginal cost.
  D) All of the above.

Question 2

If a city government enacts a maximum price on rent,
 
  A) quantity supplied will decrease.
  B) quantity demanded will increase.
  C) allocational problems develop.
  D) All of the above.


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HandsomeMarc

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magmichele12

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Reply 2 on: Jul 1, 2018
Excellent


adammoses97

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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