Suppose the government imposed a minimum price in a market and a reporter for a local newspaper wrote a story on it. The headline on the story would read:
a. Government Action Calls For Ration Coupons
b. Rationing Price Replaces Market Price
c. Price Ceiling Replaces Equilibrium Price
d. Price Floor Replaces Equilibrium Price
e. Equilibrium Price Lowered
D
Economics
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Considering the living arrangements of children in one-parent families, less than 10% of these were father only in 2005
Indicate whether the statement is true or false
Economics
A supply curve that is parallel to the price axis is
A) perfectly elastic. B) perfectly inelastic. C) relatively inelastic. D) unitary elastic.
Economics