In the above figure, a price floor of $4
A) leads to a shortage.
B) leads to a surplus.
C) has no effect.
D) shifts the demand curve leftward.
B
Economics
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The "big tradeoff" refers to
A) producing capital goods instead of consumable goods. B) marginal benefit versus marginal cost. C) efficiency and fairness. D) taking an economics course instead of some other course. E) using market prices rather than a command system to allocate resources.
Economics
A supply schedule is characterized by which of the following?
(A) It shows the quantity supplied at only one price. (B) It lists supply for a specific good. (C) It is sensitive to changes in the costs of labor and parts. (D) It shows the factors that could influence supply.
Economics