Assume an industry initially in equilibrium has a price ceiling ...

[roselinechinyere27m]

Assume an industry initially in equilibrium has a price ceiling imposed at a price below the equilibrium price. Total revenue received by the producers from sales will:
 a. rise as a result.
 b. rise as a result only if supply is inelastic.
  c. rise as a result only if demand is inelastic.
  d. fall as a result.

Question 2

Which of the following would tend to increase aggregate demand, other things equal?
 a. An increase in the money supply curve.
 b. A decrease in the money supply curve.
 c. An increase in the money demand cuvre.
 d. Both a. and c. would tend to increase aggregate demand, other things equal.

[kmb352]

Answer to Question 1

d

Answer to Question 2

a