« 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 83 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?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

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

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Michelangelo, The Creation of Adam (unrestored), ceiling of the Sistine Chapel. Michelangelo, The Creation of Adam (unrestored), ceiling of the Sistine Chapel.
a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ... a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ...
Kidney beans, steak, and iron-fortified bread and cereal are good sources of iron Kidney beans, steak, and iron-fortified bread and cereal are good sources of iron
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library