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

Author Question: A support price set above the equilibrium price ______. A. creates a shortage, increases farmers' ... (Read 34 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 29, 2018
A support price set above the equilibrium price ______.
 
  A. creates a shortage, increases farmers' total revenue, and is efficient
  B. creates a surplus, which the government buys and dumps on the rest of the world to keep the U.S. market price equal to the price support
  C. is inefficient because farmers' marginal cost exceeds U.S consumers' marginal benefit
  D. is efficient because farmers' marginal cost equals U.S. consumers' marginal benefit

Question 2

What two things does the amount of property income a household earns depend upon?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B Price supports set above the equilibrium price require the government to purchase the surplus to maintain the price.

Answer to Question 2

The amount of property income a household earns depends upon how much property it owns and what kinds of assets it holds.


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Crossing over creates heteroduplex DNA Crossing over creates heteroduplex DNA
Crossing over creates heteroduplex DNA Crossing over creates heteroduplex DNA
Integration of the F plasmid creates an Hfr strain Integration of the F plasmid creates an Hfr strain
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library