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1. An increase in the demand for foods that are high in protein will lead to which of the following in the short run?
Decrease in the price, and no impact on the supply curve
Decrease in the price, and a decrease in the supply of foods that are high in protein
Increase in the price, and no impact on the supply curve
Increase in the price, and an increase in the supply of foods that are high in protein
2.Which of the following is an example of a binding price? *
Any price ceiling
Any price floor
A price floor that is below the equilibrium price
A price ceiling that is below the equilibrium price
The price in a market when quantity demanded and quantity supplied have the same value
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