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Author Question: When there is a binding price ceiling A) there is no equilibrium. B) the quantity demanded does ... (Read 44 times)

humphriesbr@me.com

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on: Jul 1, 2018
When there is a binding price ceiling
 
  A) there is no equilibrium.
  B) the quantity demanded does not equal the quantity supplied.
  C) all potential customers are happy because they can buy the good at a lower price.
  D) producers move production to another country.

Question 2

Positive externalities ______.
 
  a. are not important economically
  b. should be reduced through subsidiziation
  c. are undersupplied by unfettered markets
   d. can be ignored


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adammoses97

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

B

Answer to Question 2

c


humphriesbr@me.com

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  • Posts: 550
Reply 2 on: Jul 1, 2018
Wow, this really help

debra928

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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