If the government imposes a price floor above the equilibrium price,
a. producers will eventually go out of business
b. market equilibrium will result
c. there will be an excess demand
d. consumers will benefit
e. producers will benefit
E
Economics
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U.S. medical care spending is
a. higher as measured by overall spending. b. Higher as measured by per capita spending. c. Higher as measured by a percentage of GDP. d. All of the above.
Economics
Discuss the determinants of a nation's exchange rate value for its currency in foreign exchange markets. What happens to a nation's balance of trade if the nation's currency appreciates? Why?
What will be an ideal response?
Economics