--%>
Assignment Help - homework help

Effect of imposesing minimum price below market price

Describe what will happen while the government imposes a minimum price i.e. below the market equilibrium price. Why is this true?

The minimum price will have no effect on the market. It is true since the price floor will only have an impact while the market equilibrium price is below it. Firms & consumers will otherwise not change their behaviour.

 

   Related Questions in Biology

  • Q : Morphological difference between dicot

    Write down the main morphological differentiations between dicot plants and monocot plants?

    		•
  • Q : What kind of agent causes the SARS SARS

    SARS is a disease which appeared in the year 2003 with epidemic features in the province of Guangdong, in east China. What kind of agent causes the SARS?

    		•
  • Q : Define Selling Strategy Selling

    Selling Strategy: This also should be a part of the product strategy. They may be many selling strategies for a particular product. But not all of the, can be used at a time. The most suitable sales strategy should be advised to the sales people so th

    		•
  • Q : Factors contributing performance gap

    Describe possible knowledge-based (probably requiring training or other instruction) that may be indicated.

    		•
  • Q : Endocrine glands of human body Explain

    Explain main endocrine glands of human body?

    		•
  • Q : How problem of platyhelminthes resolved

    As compared to platyhelminthes which physiological problem has the cylindrical body of nematodes brought? How was that problem resolved?

    		•
  • Q : Evolutionary benefits of animals

    Give some evolutionary benefits of animals with the complete digestive tube?

    		•
  • Q : What is Multimedia Technology

    Multimedia Technology: This technology applies interactive computer elements, like text, graphics, video, sound and animation, to transport a message. When you have a knack for computer work and are fascinated in digital media, read on to discover car

    		•
  • Q : Carbon dioxide molecule-cycle of Krebs

    How many carbon dioxide molecules are released subsequent to each cycle of Krebs cycle? For single glucose how many carbon dioxide molecules were already released through the aerobic respiration at that point?

    		•
  • Q : What is Competitor Intelligence

    Competitor Intelligence: Intelligence about the competitors should be well documented to be component of product strategy. The way the competitors position themselves, leads to a change in our own strategy. Competition in the market can be direct, ind

    		•