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Author Question: Which of the following is NOT a predictable result of a price ceiling set below the market clearing ... (Read 110 times)

clmills979

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on: Jun 29, 2018
Which of the following is NOT a predictable result of a price ceiling set below the market clearing price?
 
  A) an illegal market in the good
  B) excess quantity supplied
  C) excess quantity demanded
  D) lines to purchase the product

Question 2

If a country has a 4 percent annual growth in real GDP and a one percent growth in population, its per capita growth of real GDP is
 
  A) five percent.
  B) four percent.
  C) three percent.
  D) 1/4 = 0.25 percent.


Jsherida

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

B

Answer to Question 2

C


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