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

Author Question: Assume there is a price floor imposed on a good which is above the equilibrium price. Which of the ... (Read 89 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
Assume there is a price floor imposed on a good which is above the equilibrium price. Which of the following changes would reduce the size of the surplus?
 a. An increase in demand.
  b. A decrease in demand.
  c. An increase in supply.
  d. Any of the above.

Question 2

Barter system is less desirable than using money for exchange because:
 a. it is a more inefficient and a time-consuming process.
 b. gold and silver are risky and inconvenient to transport.
 c. it tends to promote inflation.
 d. gold and silver are relatively scarcer than other commodities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jun 30, 2018
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library