This topic contains a solution. Click here to go to the answer

Author Question: If the equilibrium price of aspirins is 2.50 and a price ceiling is imposed at 3.00, the eventual ... (Read 124 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
If the equilibrium price of aspirins is 2.50 and a price ceiling is imposed at 3.00, the eventual result after market adjustment will be a(n):
 a. surplus. b. shortage.
  c. accumulation of inventories. d. equilibrium.

Question 2

If the equilibrium price of natural gas is 4 per thousand cubic feet and a price ceiling is imposed at 3 per thousand cubic feet, the result will be:
 a. a surplus of natural gas.
  b. a shortage of natural gas.
  c. an accumulation of inventories of unsold gas.
  d. None of these.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yasmin

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

d

Answer to Question 2

b




bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

For a complete list of videos, visit our video library