When government intervenes in a competitive market by imposing an effective price ceiling, we would expect the quantity supplied to ________ and the quantity demanded to ________
A) fall; rise
B) fall; fall
C) rise; rise
D) rise; fall
A
Economics
You might also like to view...
Which of the following is a result of discrimination?
a. Two groups of workers earning different wages. b. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. c. Equal pay and equal employment opportunities for two groups of workers with different productivities. d. No workers from a particular group are employed.
Economics
A characteristic of a public good is
A. clear property rights. B. rival consumption. C. the exclusion principle. D. the free-rider problem.
Economics