« previous next »

Author Question: A price ceiling set below the equilibrium price creates a shortage. a. True b. False Indicate ... (Read 51 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
A price ceiling set below the equilibrium price creates a shortage.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease.
 a. True
  b. False
  Indicate whether the statement is true or false


vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

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?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Mosquito Eyes Up Close: Electron Microscope Image Creates Stunning View Of Insect Mosquito Eyes Up Close: Electron Microscope Image Creates Stunning View Of Insect
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
The human X chromosome (left) and the Y chromosome (right). This false-color scanning electron micro The human X chromosome (left) and the Y chromosome (right). This false-color scanning electron micro
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library