Author Question: The most competitive industry of those presented in the above table is likely to be industry A) ... (Read 74 times)

chandani · **on:** Jun 29, 2018

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.