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

Author Question: When the government sets a price floor which is above the equilibrium price A) a surplus will ... (Read 111 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
When the government sets a price floor which is above the equilibrium price
 
  A) a surplus will develop.
  B) a shortage will develop.
  C) the equilibrium price will be maintained.
  D) a price ceiling will follow.

Question 2

The U.S. antitrust laws
 
  A) aid monopolies in their quest to dominate the market for a good or service.
  B) are outdated and rarely used anymore.
  C) promote competition.
  D) are administered by the Department of Commerce.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryhom

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


lindiwe

  • Member
  • Posts: 577
Reply 2 on: Jun 29, 2018
Excellent

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

A child having a seizure is gently assisted to the floor and placed in a sidelying position. A child having a seizure is gently assisted to the floor and placed in a sidelying position.
Three toddlers sit on the floor playing with a toy. Three toddlers sit on the floor playing with a toy.
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
Superior view of sphenoid bone in floor of cranium Superior view of sphenoid bone in floor of cranium
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library