« 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 53 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?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
As a result of the pressure gradient in the following picture, what happens to transpiration? As a result of the pressure gradient in the following picture, what happens to transpiration?
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library