A price ceiling is __ if it is set _ the market equilibrium price. A. Efficient and

Question:

A price ceiling is ______ if it is set _____ the market equilibrium price.
A. Efficient and fair; below
B. Unfair but efficient; equal to
C. Efficient and unfair; above
D. Inefficient and unfair; below

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: Dec 28, 2022 03:50 AM

See More Questions

Is the market for running shoes efficient or inefficient in the long run? Explain your answer. Use the following figure, which shows the situation facing a producer of running shoes MC 100 ATC 401 MR...
When a price ceiling is in place keeping the price below the market price, whats larger: quantity demanded or quantity supplied? How does this explain the long lines and wasteful searches we see in...
Is the market for mountain bikes efficient or inefficient in the long run? Explain your answer.
Consider the following system differential equation: d+y(t) dy(t) dt3 dt4 +5 7 dy(t) dt +36 dy(t) dt - 100y(t) b) Find the transfer function for the system, G(s) = = du(t) dt + 5u(t) a) Find the...
Compare and contrast private health care fee for service plans and managed health care plans.
A particle in an experimental apparatus has a velocity given by v = ks, where v is in millimeters per second, the position s is millimeters, and the constant k = 0.2 mm 1/2 s 1 . If the particle has...
Explain the basis for classification of nuclear reactors.
George and June are active volunteers in their local church. George serves as an usher one Sunday morning a month. June sings in the church choir every Sunday morning and attends choir practice each...
A horse-racing fan is contemplating the many different outcomes in an eight-horse race. a. How many different combinations are possible if only the first three places (first, second, and third) are...
Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Explain how the market for gasoline would react...
Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Explain how the market for gasoline would react...
Determine m, i, and n for the following. 4.8% compounded quarterly for 5 3/4 years
Given the following declaration of the "textBox1" object. Which can place the "textBox1" object at the location (210, 175)? Given the following declaration of the "textBox1" object. Which can place...
if I use a number generator script to create data files that have 100,000 1,000,000 and 10,000,000 random values. 1. How do I code a file that shows a histogram which shows the number of times a...
1. Pickled Vegetables sold in Canadian stores contain the following ingredients; vinegar, spices, cauliflower, carrots, onion, banana peppers, and water. All ingredients except the banana peppers are...
Timor, age 32, needs $250,000 of permanent life insurance. He is capable of paying higher premiums, perhaps $5,000 a year, for a universal life policy but is aware that he might need to borrow cash...
Hernando purchases a boat for $200,000. He refurbishes the boat for an additional $50,000. During a storm the boat is damaged, and Hernando receives $100,000 in cash from the insurance company for...
You are given the following hypothetical quotes. Spot exchange rates: :$ 1.1865-1.1870 $: 108.10-108.20 Three-month interest rates (percent per year): In $ 5-5*4 In 3V4SV2 In \V-\% What should the...
Write a paper about how diet relates to breast cancer in women study design to use: case control study purpose & rationale the purpose of this final project is to utilize the methods and...
a. What is the quantity of tuna that fishers catch and the price of tuna? Is the tuna stock being used efficiently? Explain why or why not. b. What would be the price of tuna, if the stock of tuna is...
With a quota of 40 tons a month for the tuna fishing industry, what is the equilibrium price of tuna and what quantity for tuna fishers catch? Is the equilibrium an overfishing equilibrium? The...
With a quota of 40 tons a month for the tuna fishing industry, what is the equilibrium price of tuna and what quantity for tuna fishers catch? Is the equilibrium an overfishing equilibrium? The...
The fourth article, "Gender Equality in the Workplace: A Systematic Review", published in 2020 in the International Journal of Gender and Health, reviews the evidence regarding gender inequality in...
what are the types of health insurance ? who all are coverd citizen or non citizen
The credit scores of 35 year olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed, with a mean of 600 and a standard deviation of 100. Within what range would the...

A price ceiling is ______ if it is set _____ the market equilibrium price. A. Efficient and

Question:

Step by Step Answer:

D A price ceiling set ...View the full answer

Foundations Of Economics

Students also viewed these Business questions

A price ceiling is __ if it is set _ the market equilibrium price. A. Efficient and