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Author Question: A price ceiling is A) the lowest price a seller can charge without losing all of its customers. ... (Read 79 times)

soccerdreamer_17

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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.


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jrpg123456

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


soccerdreamer_17

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Excellent

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