What environmental problem gets worse as income rises according to your text?

Price ceilings are imposed if the government believes:

a. the market will not achieve an equilibrium price. b. the market equilibrium price is too low. c. an excess supply of the product exists. d. the market equilibrium price is too high. e. the demand will be less than the supply of the product.

If inflation is much higher than originally anticipated, ________ are made better off and ________ are made worse off

a. banks that had made fixed interest rate loans; people that had borrowed fixed interest rate loans. b. people that had borrowed fixed interest rate loans; banks that had made fixed interest rate loans. c. retired people living on a fixed income; people that had borrowed fixed interest rate loans. d. people that had deposited their savings at fixed interest; banks that had taken deposits at fixed interest.