A price floor does not benefit producers
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A situation where quantity demanded exceeds quantity supplied is called a(n) ______.
a. substitution b. equilibrium c. shortage d. surplus
Based on the table showing income inequality in the United States, the proportion of income earned by the lowest fifth of Americans was greatest in ______.
a. 1935
b. 1950
c. 1960
d. 1970
The Phillips curve depicts the relationship between
A. aggregate demand and aggregate expenditures. B. output and the price level. C. inflation and unemployment. D. money supply and interest rates.
The graph shown demonstrates a tax on sellers. Who bears the greater tax incidence?
A. The sellers B. The buyers C. The incidence is equally shared between buyer and seller. D. The government