Solved

Which of the Following Statements Is False

Question 94

Multiple Choice

Which of the following statements is false?


A) With effective price-ceiling, the amount bought and sold is determined by the demand function.
B) With effective price-ceiling, the amount bought and sold is determined by the supply function.
C) With minimum wage regulation, the amount of unskilled workers employed is determined by the demand for labour.
D) The market price with quota system is higher than the free market equilibrium price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents