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

Author Question: Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage. a. ... (Read 86 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A black market may arise when government imposes a price ceiling.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

FergA

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


HudsonKB16

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
:D TYSM

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Inflamed skin (dermatitis) can result from pellagra Inflamed skin (dermatitis) can result from pellagra
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library