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

Author Question: A price ceiling is A) the lowest price a seller can charge without losing all of its customers. ... (Read 80 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
A price ceiling is
 
  A) the lowest price a seller can charge without losing all of its customers.
  B) a legal minimum price below which a good or service cannot be sold.
  C) a legal price above which a good or service cannot be sold.
  D) a nonprice rationing device.

Question 2

The quantity supplied of a particular good is the amount of the good that
 
  A) households are willing to consume at each particular price.
  B) firms will actually end up buying at a particular price during a given time period.
  C) firms are willing to sell at each price during a particular time period.
  D) households want firms to sell at each price during a particular time period.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


soccerdreamer_17

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Gracias!

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Measuring Electrical Charge Measuring Electrical Charge
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Hillary Clinton broke through the glass ceiling in politics when she was elected senator from New ... Hillary Clinton broke through the glass ceiling in politics when she was elected senator from New ...
Always check the battery, using a conductance or load tester. A battery showing a green charge ... Always check the battery, using a conductance or load tester. A battery showing a green charge ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Exocytosis - secretion

For a complete list of videos, visit our video library