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

Author Question: If the equilibrium price for some product is $1000, a price ceiling of $800 will result in (Read 84 times)

zl00505

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022
If the equilibrium price for some product is $1000, a price ceiling of $800 will result in
◦ the same general effects as a price ceiling of $600.
◦ the same general effects as a price floor of $1200.
◦ massive surpluses of the good.
◦ the same general effects as a price ceiling of $1200.
◦ no effects because the price ceiling is not binding at that price.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by zl00505 on Oct 12, 2022

Snabbey

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 56% of students answer this correctly


zl00505

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

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?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Inflamed skin (dermatitis) can result from pellagra Inflamed skin (dermatitis) can result from pellagra
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Find the derivative using the product rule Find the derivative using the product rule
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Production of prototrophs as a result of genetic recombination Production of prototrophs as a result of genetic recombination
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library