The most competitive industry of those presented in the above ...

[chandani]

The most competitive industry of those presented in the above table is likely to be industry
 
  A) W.
  B) X.
  C) Y.
  D) Z.

Question 2

If a price floor is set below the current market clearing price, then
 
  A) a surplus must immediately occur.
  B) a shortage must immediately occur.
  C) there will be incentives for black markets to develop.
  D) quantity demanded will remain equal to quantity supplied at the current market clearing price.

[vboyd24]

Answer to Question 1

B

Answer to Question 2

D

[chandani]

Thanks for the timely response, appreciate it

[Sarahjh]

Gracias!