When a price ceiling is binding, is the price ceiling set above or below the market equilibrium price?


A binding price ceiling will be set below the market equilibrium price.

Economics

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The cost of risk is the same for everyone

Indicate whether the statement is true or false

Economics

The Balance of Payments always balances

Indicate whether the statement is true or false

Economics

The marginal firm in a competitive market will earn zero economic profit in the long run

a. True b. False Indicate whether the statement is true or false

Economics

If there is an unemployment problem, what might policy makers increase to stimulate demand in an economy?

a. payroll taxes b. government spending c. interest rates d. austerity measures

Economics