Which of the following is a difference between a binding and a not binding price ceiling?
a. A binding price ceiling causes a shortage in the market, while a not binding price ceiling causes a surplus in the market.
b. A binding price ceiling causes a surplus in the market, while a not binding price ceiling causes a shortage in the market.
c. A binding price ceiling causes a shortage in the market, while a not binding price ceiling does not affect market behavior.
d. A binding price ceiling causes a surplus in the market, while a not binding price ceiling does not affect market behavior.
c
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The above figure shows the market for laptops. Which of the following causes a movement from B to A?
A) an increase in the number of laptop manufactures and sellers B) an increase in the price of laptops C) an increase in the productivity of the workers manufacturing laptops D) a decrease in the price of laptops E) an increase in the cost of hard drives
Suppose there are five firms in the disposable diaper market. Hug-Me's share is 30 percent. Plumper's share is 30 percent. Drippy's share is 20 percent. Kool Kid's share is 10 percent. Nappomatic's share is 10 percent
The Herfindahl-Hirschman Index in this industry is A) 100. B) 900. C) 1,350. D) 2,400.
The Ponderosa Bank receives a new deposit of $2,500 . The reserves requirement is 20 percent. How much can this bank loan out as a result of this deposit?
a. $25,000 b. $12,500 c. $3,125 d. $2,000 e. $500
Economists at which administrative department help enforce the nation's antitrust laws?