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Author Question: When a government imposes a price floor on a good that is above the market equilibrium price A) a ... (Read 94 times)

schs14

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on: Jul 1, 2018
When a government imposes a price floor on a good that is above the market equilibrium price
 
  A) a surplus will develop.
  B) a shortage will develop.
  C) producers will increase their sales price.
  D) consumers will increase their demand for the good.

Question 2

In deciding whether to operate in the short run, the firm must consider the relationship between price and
 
  A) total cost.
  B) average variable cost.
  C) total fixed cost.
  D) the number of buyers.


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lolol

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


schs14

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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