In March, the quantity of orange juice sold in the town of Jackson was 3000 cartons and the price $3. In May, the quantity of orange juice sold in the town of Jackson was 3500 cartons and the price was $3.20
This change in the price and quantity sold could have been the result of A) the release of a medical study suggesting that consuming orange juice helps prevent cancer.
B) a reduction in the number of orange juice coupons provided by local markets.
C) the after effects of a cold winter in Florida that killed half of the orange cro
A
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Crowding out occurs when:
a. an increase in private spending results in a decrease in government deficit. b. an increase in private spending results in an increase in government deficit. c. government deficit spending results in less private spending d. government deficit spending results in more private spending.
Which of the following examples would most likely be caused by a price ceiling?
a. fluctuating quantity of mid-rent apartments b. equilibrium quantity of low-income apartments c. shortages of low-income housing d. surpluses of mid-rent apartments