Effective price ceilings, Effective price ceilings (in the

Effective price ceilings

Assignment Help Microeconomics

Reference no: EM13684318

Effective price ceilings (in the short run) on goods make those goods typically:

1. Hard to find.

2. Easy to find.

3. Less desirable.

4. Be in excess supply.

Reference no: EM13684318

Questions Cloud

What is the difference in the equivalent uniform annual cost : Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,200 at the end of its 10-year life. Annual operating costs are $1,100. The machine will perform satisfactorily for the next seven years.

Decrease in both equilibrium price-quantity particular good : How would it be possible to observe a decrease in both the equilibrium price and quantity for a particular good at the same time?

Price floor set by government above the equilibrium price : Bumper crops (i.e., abundant crops) for wheat and corn have historically reduced the number of wheat and corn farmers. A price floor set by government above the equilibrium price for those crops would:

Plenty of empty parking places in designated university lots : Faculty pay $500 per year for a parking permit, however there are plenty of empty parking places in designated university lots. This suggests that:

Effective price ceilings : Effective price ceilings (in the short run) on goods make those goods typically:

What best explains the effect of these events : In the mid-1990's fashion trends toward loose-fitting, casual cotton clothing drove up the price of domestic cotton. In response, existing domestic farmers switched over from growing soybeans and rice to growing cotton. What best explains the effect ..

Comparative advantage in producing a good : A country has a comparative advantage in producing a good if it can produce that good: At a higher opportunity cost than another country can.

The quantity of goods and services : The quantity of goods and services:

Businesses are : Businesses are the: Sellers in the factor market and buyers in the goods market. Buyers in the factor market and sellers in the goods market.

User Account

All Pages