Market price may not reach equilibrium if there are ______. a) both price ceilings and price floors

Question:

Market price may not reach equilibrium if there are ______.

a) both price ceilings and price floors

b) neither price ceilings nor price floors

c) only price ceilings

d) only price fl oors

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

Step by Step Answer:

Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:00 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
Make a balance sheet for the following data- One Time Start-Up Costs: Rent Deposit $4,000 Furniture & Fixtures $8,000 Equipment $6,000 Buildout/ Renovations $10,000 Decorating, Painting and...
Assume that Caterpillar, Inc., reported the following accounts and amounts (in millions) in its December 31, 2014, year-end financial statements. Prepare the current assets section of a classified...
Even though charities depend on the solicitation of contributions, the courts have refused to enforce charitable pledges. True/False
T. Christian Cooper was a partner to Sanders and Richard Campbell d/b/a The Mullen Company. In 2001, Cooper helped bring about a management agreement between The Mullen Co. and Newnan Crossing...
The following transactions affecting the accounts receivable of Wonderland Corporation took place during the year ended January 31, 2011: Sales (cash and credit) . . . . . . . . . . . . . . . . . . ....
Arbon Company has three service departments and two operating departments. Selected data concerning the five departments are presented below: Costs Number of employees Square metres of space occupied...
Gas lines in the 1970s were caused by ______. a) price floors b) price ceilings c) both price floors and price ceilings d) neither price floors nor price ceilings.
In Figure 1, if market price were $140, there would be ______. a) a shortage b) a surplus c) neither a shortage nor a surplus Price ($) 180 160 140 130 120 110 100 Figure 1 S D 20 40 60 80 100 120...
ProScript sells writing software that edits and proofs manuscripts. The last six months of data are shown below: Compute MSE, MAD, and MAPE (Equations 9.1 to 9.3) for these data. Month 16 17 18 19 20...
Does morality have any role to play in criminal law? Explain the relationship between morality and criminal law?
You want to purchase some shares of JJ Farms stock but need a rate of return of 17.5 percent to compensate for the perceived risk. What is the maximum you are willing to pay per share for this stock...
discuss the concept of epigenetic inheritance and provide examples of how DNA methylation, histone modifications, and non-coding RNAs influence gene expression patterns across generations?
You work in the pathology laboratory of a large metropolitan hospital and have been asked to assist with the screening of a biopsy sample from a patient s cancerous tumor. You discover a mutation in...
What forms of organizations will enable the owners of hudson signs?
Draw structures corresponding to the following IUPAC names: (a) 2-Methyl-1, 5-hexadiene (b) 3-Ethyl-2, 2-dimethyl-3-heptene (c) 2, 3, 3-Trimethyl-1, 4, 6-octatriene (d) 3, 4-Diisopropyl-2,...
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
Could you delineate the author's strategic implementation of simile to evoke a sense of sublime beauty amidst the desolation of the post-apocalyptic landscape?
3. A syntax directed definition for deriving the decimal value of a binary number is: Productions S L.R S L LLIB L B R R B R B B 0 B 1 Semantic Rules L.pos = 0; R.pos = -1; S.val =L.val + R.val L.pos...
5. You are asked to evaluate the performance of two classification models, M1 and M2. The test set contains 26 attributes labelled A through Z. Given the following table Instance 1 True class...

Market price may not reach equilibrium if there are ______. a) both price ceilings and price floors

Question:

Step by Step Answer:

Market price may not reach equilibrium if there are a both price ceilings and price floors Explanati...View the full answer

Microeconomics

Students also viewed these Business questions