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Author Question: When there is a binding price floor (Read 60 times)

lracut11

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on: Mar 14, 2021

Question 1

When there is a binding price ceiling,
◦ there is no equilibrium.
◦ the quantity demanded does not equal the quantity supplied.
◦ all potential customers are happy because they can buy the good at a lower price.
◦ producers move production to another country.

Question 2

When there is a binding price floor
◦ there is no equilibrium.
◦ the quantity demanded does not equal the quantity supplied.
◦ all potential producers are happy because they can sell the good at a higher price.
◦ the government is helping consumers at the expense of producers.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by lracut11 on Mar 14, 2021

brittanywood

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lracut11

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

steff9894

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Reply 3 on: Yesterday
Excellent

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