Suppose the market clearing price is $20 and the price ceiling is $15. The price that prevails in the market will be
A) $20.
B) $15.
C) less than $15.
D) $0.
A
Economics
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The relationship between the quantity of a good or service sellers are willing to offer for sale at different prices is:
A) supply. B) demand. C) equilibrium. D) disequilibrium.
Economics
Refer to Figure 27-8. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) increase income taxes B) decrease government purchases C) increase government purchases D) sell Treasury bills
Economics