Author Question: A price ceiling imposed by the government: A) can create situations of excess demand. B) is a ... (Read 17 times)

j.rubin · **on:** Jun 29, 2018

A price ceiling imposed by the government:

A) can create situations of excess demand.
B) is a tax that increases the market price of a good.
C) involves pricing a commodity above the market price.
D) helps in establishing equilibrium in case of shortage or surplus.

Question 2

80 of the total number of people in Genovia with health insurance are above 40 years of age. Which of the following economic concepts helps in explaining this fact?

A) The concept of negative externalities
B) The concept of adverse selection
C) The concept of free riding
D) The concept of positive externalities