« previous next »

Author Question: A price restriction that tells suppliers the minimum price they can sell their goods for is also ... (Read 36 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
A price restriction that tells suppliers the minimum price they can sell their goods for is also known as
 
  A) a price ceiling.
  B) a quota.
  C) a price floor.
  D) deadweight loss.

Question 2

The fact that many people drive faster than the posted speed limit suggests that
 
  A) not all price floors are enforceable.
  B) not all price and quantity regulations are enforceable.
  C) individual drivers act irrationally.
  D) government regulation is utterly useless.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Exhaust Restriction Test Exhaust Restriction Test
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Restriction-enzyme digestion of genomic DNA Restriction-enzyme digestion of genomic DNA
Video: Antidiuretic hormone (vasoconstriction, water reabsorption & sweat inhibition)

For a complete list of videos, visit our video library