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Author Question: As long as the actual market price exceeds the equilibrium market price, there will be: A) ... (Read 127 times)

chandani

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on: Jul 1, 2018
As long as the actual market price exceeds the equilibrium market price, there will be:
 
  A) downward pressure on the market price.
  B) upward pressure on the market price.
  C) no purchases made.
  D) Both A and C are correct.
  E) Both B and C are correct.

Question 2

Refer to Figure 9.3. If the government establishes a price ceiling of 1.00, producer surplus will
 
  A) fall by 150.
  B) fall by 300.
  C) remain the same.
  D) rise by 150.
  E) rise by 300.


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aidanmbrowne

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

A

Answer to Question 2

B


chandani

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Reply #2 on: Jul 1, 2018
Correct answers!


aidanmbrowne

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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