Imposition of price ceilings

The imposition of price ceilings which are below equilibrium generally results within: (w) shortages and net decreases in economic efficiency. (x) more efficient allocations of scarce resources. (y) greater consumer satisfaction and business profits. (z) suppression of all inflationary tendencies.

How can I solve my economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Demand in price inelastic region

HoloIMAGine will never deliberately generate and sell holographic technology at an output level where is: (w) marginal revenue [MR] is positive. (x) demand is in a price-elastic region. (y) marginal revenue [MR] is falling. (z) demand is in a price-in

Q : Effect of minimum wage laws in

The Minimum wage laws might efficiently raise employment: (i) When the set wage value surpasses labor market equilibrium. (ii) In industries of profoundly exercised monopsony power. (iii) In no condition; higher minimum wage floods the labor supply and lower minimum w

Q : Define revenue Revenue : This refers to

Revenue: This refers to total money income from the sale of output.

Q : Problem on Determinants of Demand I

I have a problem in economics on Determinants of Demand. Please help me in the following question. Income and tastes most directly influence the: (i) Demand. (ii) Market equilibrium (iii) Prices. (iii) Quantities. (iv) Supply.

Q : Problem on Consumer Sovereignty The

The phrase ‘dollar votes’ refers to the consumers: (1) Voting patterns in the national elections. (2) Recognizing what goods are produced. (3) Each containing an equivalent says about what is generated. (4) Being subservient to big firms.

Q : Monopolistic competition In which

In which market type, there is a requirement for selling or advertising costs? Answer: Beneath monopolistic competition, there is a requirement of selling costs sin

Q : Minimum Supply Amounts of Resources

Payments for a resource into excess of the minimum needed to supply specified amounts of the resource are termed as: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitalization.

Q : Types of assertions for normative

Normative statements would contain assertions such that: (1) harsh prison terms and capital punishment reduce rates of violent crime. (2) on average, Americans are more prosperous while no single political party controls the presidency that the US Sen

Q : Raise Interest Rates with Investment

Interest rates will rise when: (1) the supply of loanable funds grows. (2) the average maturities of corporate bonds issued decreases. (3) most households decide to decrease the liquidity of their portfolios of assets. (4) households increasingly defe

Q : Perfectly inelastic supply of labor

Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 2</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1449935 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940731
Asked

3,689

Active Tutors

1449935

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment