The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. What would be the maximum price someone would pay in the black market?

What happens in the long run if firms in a monopolistically competitive industry are incurring economic losses? Explain

What will be an ideal response?

In bank regulation in the United States there is a strong emphasis on

A) maximizing depositor returns. B) limiting depositor returns. C) maximizing depositor risk. D) limiting depositor risk.