The removal of a price ceiling in a market results

Assignment Help Business Economics

Reference no: EM131002478

The removal of a price ceiling in a market results in:

a. abnormal profits for producers.

b. a fall in the market price.

c. a shortage in the market.

d. over-production of the commodity and a surplus.

e. an increase in the market price.

Reference no: EM131002478

Questions Cloud

What is mary perception of her performance : What is Mary's perception of her performance? How did she come to this conclusion? What is James' perception of Mary's performance? How did he come to this conclusion

Probem regarding the quantitative or qualitative : 1. Classify each of the following variables as either quantitative or qualitative; if quantitative, specify whether it is discrete or continuous; if qualitative whether it is ordinal or nominal.

What physical effect is missing from our calculation : Mrs. Wilson leaves her freshly-baked blueberry pie on the windowsill to cool. The delicious fragrance diffuses through the air with a diffusion coefficient of D = 0.2 cm 2 /s . How long does it take for Dennis to smell the pie in his tree house 10..

Primary cause of the change in the price of cheeseburgers : The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because several burger joints in the area have..

The removal of a price ceiling in a market results : The removal of a price ceiling in a market results in:

How much charge flows from each terminal : How much charge flows from each terminal of a 16.0-V battery when it is connected to a 4.40μF capacitor? Express your answer using three significant figures and include the appropriate units.

Could an organism be methyl red : Could an organism be methyl red and voges-proskauer positive at the same time? explain.

The us is small open economy and has balanced trade : Assume the U.S. is a small open economy and has balanced trade. Suppose Congress is worried about the U.S. economy entering another recession and as a result increases infrastructure spending. Using the LF model, illustrate and describe the effect of..

User Account

All Pages