One could argue that price ceilings should not be placed on the goods sold at the high price "Quick Stop Shop" stores for all of the following reasons except:
a. cash price is not true price
b. convenience has a value
c. time has a value
d. the price of gasoline sold at the store is already controlled
e. check out is fast at the "Quick Stop Shop"
D
You might also like to view...
The coefficient of determination is .90, the number of observations is 30, and a multiple regression model using 2 independent variables is estimated. What is the value of the adjusted coefficient of determination?
A) .8926 B) .9000 C) .7500 D) .8000
Governments can use public regulation to help solve information problems by:
A. mandating participation in a market or program. B. making screening illegal. C. mandating employers build a reputation before screening. D. All of these statements are true.
In 2008, Morgan Stanley and Goldman Sachs decided to ______.
a. declare bankruptcy b. sell out to other banks c. become commercial banks d. become investment banks
What happens to the equilibrium price when supply goes down?
A. the price stays the same B. the prices goes up C. the price goes up, and then goes down D. the price goes down