If the government-imposed price of corn is greater than the market price,
a. the quantity of corn supplied will exceed the quantity of corn demanded.
b. the quantity of corn supplied will be less than the quantity of corn demanded.
c. the demand curve for corn will increase.
d. the supply curve for corn will increase.
a. the quantity of corn supplied will exceed the quantity of corn demanded.
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The net international investment position of the United States measures
A) U.S. holdings of foreign assets minus foreign holdings of U.S. assets. B) foreign holdings of U.S. assets. C) U.S. holdings of foreign assets. D) U.S. holdings of foreign assets plus foreign holdings of U.S. assets.
The "investment" component of aggregate demand will include all of the following except
a. expenditures of business firms on new plants. b. expenditures of business firms on new equipment. c. resales of existing physical assets. d. household spending on new homes.
If a supply curve is perfectly vertical, what is the value of the price elasticity of supply?
For a perfectly competitive industry, an improvement in technology will cause
A. the industry short-run supply curve to shift to the right. B. a movement down the short-run industry supply curve. C. a movement up the short-run industry supply curve. D. the industry short-run supply curve to shift to the left.