A price ceiling set below a market equilibrium price causes
A) a shortage.
B) a surplus.
C) producers to receive higher prices.
D) consumers to pay higher prices.
Answer: A
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The distinction between physical and financial capital is that
A) physical capital is equal to financial capital minus depreciation. B) financial capital depreciates and physical capital does not. C) the value of financial capital depends on the amount of available physical capital. D) physical capital is equal to financial capital plus depreciation. E) financial capital is used to purchase and operate physical capital.
Which policy measure increases the punishment for white-collar crime and obstruction of official investigations?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
One of the problems that monetary unions eliminate is
a. inflationary gaps. b. recessionary gaps. c. exchange rate instability. d. business cycles.
The Nash Equilibrium outcome assures the maximum profit for firms.
Answer the following statement true (T) or false (F)