If the equilibrium price of aspirin is $2.50 and a price ceiling is imposed at $3.00, the market will have a(n):

Government tax and expenditure policies that affect real GDP are called

A) automatic fiscal policy. B) discretionary fiscal policy. C) fiscal policy. D) supply-side policy.

Suppose that the demand for oranges increases. Carefully explain how the rationing function of price will restore market equilibrium

What will be an ideal response?