One likely result of a price ceiling is that:
A. a surplus of product would result.
B. the price charged in the market would be above the equilibrium price.
C. the price charged in the market would be the equilibrium price.
D. the available product must be rationed.
Answer: D
Economics
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Before World War I, most countries belonged to a system of fixed exchange rates in which currencies were tied to which of the following assets?
A) The U.S. dollar B) The British pound C) Silver D) Gold
Economics
When the interest rate changes,
A) the demand curve for bonds shifts to the right. B) the demand curve for bonds shifts to the left. C) the supply curve for bonds shifts to the right. D) it is because either the demand or the supply curve has shifted.
Economics