If government set a minimum price of $50 in the above market,a:
A) shortage of 21 units would occur.
B) shortage of 125 units would occur.
C) surplus of 21 units would occur.
D) surplus of 125 units would occur.
Correct Answer:
Verified
Q145: An effective price floor will
A) force some
Q147: Q148: Ticket scalping implies that: Q149: Which of the following is a consequence Q151: A binding price ceiling means that: Q151: An effective price ceiling will Q153: If a legal price ceiling is set Q156: An effective price floor on wheat will Q156: A binding price floor means that: Q210: Surpluses drive market prices up; shortages drive
A) event sponsors have
A) there
A) induce new
A)
A) inflation
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