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

Author Question: A maximum price set by law above the market-clearing price is called a A) price cap B) price ... (Read 223 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
A maximum price set by law above the market-clearing price is called a
 
  A) price cap
  B) price spike
  C) price floor
  D) price ceiling

Question 2

Refer to the production possibilities frontier in the figure above. Production point ________ represents an ________ production point.
 
  A) b; unattainable
  B) c; unattainable
  C) e; inefficient
  D) c; inefficient


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Gracias!

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Dish from Ecuador called "Cuy" Dish from Ecuador called "Cuy"
Renal calculi (stones) can form in several areas within the urinary tract. When they form in the kid Renal calculi (stones) can form in several areas within the urinary tract. When they form in the kid
Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen
Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i
Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ... Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ...
Paleocene-Eocene Thermal Maximum Paleocene-Eocene Thermal Maximum
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library