Author Question: When there is a binding price ceiling A) there is no equilibrium. B) the quantity demanded does ... (Read 41 times)

humphriesbr@me.com · **on:** Jul 1, 2018

When there is a binding price ceiling

A) there is no equilibrium.
B) the quantity demanded does not equal the quantity supplied.
C) all potential customers are happy because they can buy the good at a lower price.
D) producers move production to another country.

Question 2

Positive externalities ______.

a. are not important economically
b. should be reduced through subsidiziation
c. are undersupplied by unfettered markets
d. can be ignored