An outcome that can result from either a price ceiling or a
An outcome that can result from either a price ceiling or a price floor is:
a. an enhancement of efficiency.
b. undesirable rationing mechanisms.
c. a surplus.
d. a shortage.
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1 if the price elasticity of demand is equal to 0 then demand is unit elastica trueb false2 to be binding a price
which of the following would most likely serve as an example of a monopolya a bakery in a large cityb a bank in a large
when quantity moves proportionately to the same amount as price demand isa elastic and the price elasticity of demand
if a nonbinding price floor is imposed on a market thena the quantity sold in the market will decreaseb the quantity
an outcome that can result from either a price ceiling or a price floor isa an enhancement of efficiencyb undesirable
suppose there is an increase in the price of steel we would expect the supply curve for steel beams toa shift rightb
who gets scarce resources in a market economya the governmentb whoever the government decides gets themc whoever wants
holding all other forces constant if decreasing the price of a good leads to an increase in total revenue then the
opponents of the minimum wage point out that the minimum wagea encourages teenagers to drop out of schoolb prevents
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