Assuming supply is a straight line and intersects the y axis, the equation of the inverse supply curve is represented as

Suppose the government imposed a minimum price in a market and a reporter for a local newspaper wrote a story on it. The headline on the story would read:

a. Government Action Calls For Ration Coupons b. Rationing Price Replaces Market Price c. Price Ceiling Replaces Equilibrium Price d. Price Floor Replaces Equilibrium Price e. Equilibrium Price Lowered

Probably the most important factor affecting material well-being is

a. inflation rates. b. unemployment rates. c. budget deficits. d. growth in productivity. e. monopoly power.