This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a government imposes a price floor on a good that is above the market equilibrium price A) a ... (Read 116 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
When a government imposes a price floor on a good that is above the market equilibrium price
 
  A) a surplus will develop.
  B) a shortage will develop.
  C) producers will increase their sales price.
  D) consumers will increase their demand for the good.

Question 2

In deciding whether to operate in the short run, the firm must consider the relationship between price and
 
  A) total cost.
  B) average variable cost.
  C) total fixed cost.
  D) the number of buyers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lolol

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


schs14

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
:D TYSM

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Everyone has one nostril that is larger than the other.

This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library