A government will create a surplus in a market when it:
A. Sets a price ceiling above the equilibrium price
B. Sets a price floor above the equilibrium price
C. Sets a price floor below the equilibrium price
D. Sets a price ceiling below the equilibrium price
B. Sets a price floor above the equilibrium price
You might also like to view...
Inflation is a problem when
A) it is unpredictable. B) it causes the value of money to vary unpredictably. C) it causes resources to be diverted from productive uses. D) All of the above answers are correct.
The increase in the overall level of prices is known as _____
Fill in the blank(s) with correct word
Which of the following decreases in response to the interest-rate effect from an increase in the price level?
a. both investment and consumption b. consumption but not investment c. investment but not consumption d. neither investment nor consumption
If the given profit-maximizing monopolist is able to price discriminate, charging each customer the price associated with each given level of output, how many units will the firm produce?
A. 2.
B. 3.
C. 4.
D. 5.