« previous next »

Author Question: If the equilibrium price of good X is 5 and a price ceiling is imposed at 4, the result will be ... (Read 33 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
If the equilibrium price of good X is 5 and a price ceiling is imposed at 4, the result will be a(n):
 a. accumulation of inventories of unsold gas. b. shortage.
  c. surplus. d. all of these.

Question 2

If the equilibrium price of good X is 4 and a price ceiling is imposed at 5, the result will be a(n):
 a. depletion of inventories. b. shortage.
  c. surplus. d. equilibrium.


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

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?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

SDS PAGE Result SDS PAGE Result
Alan Price - Poor People Alan Price - Poor People
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ... An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ...
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 Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Brain Lobes Animation

For a complete list of videos, visit our video library