Suppose a price ceiling is set by the government below the market equilibrium price. Which of the following will result?
a. The demand curve will shift to the left.
b. The quantity demanded will exceed the quantity supplied.
c. The quantity supplied will exceed the quantity demanded.
d. There will be a surplus.
b
Economics
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A concave production possibilities frontier exhibits
a. increasing opportunity cost b. decreasing opportunity cost c. constant opportunity cost d. diminishing returns e. returns to scale
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Foreign direct investment outflows have a positive impact on workers in the home country.
Answer the following statement true (T) or false (F)
Economics