A price floor set above the equilibrium price leads to a(n) ________
A) excess demand for goods in the market
B) excess supply of goods in the market
C) increase in social well-being
D) positive externality
B
Economics
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The Baumol-Tobin analysis suggests that
A) velocity is relatively constant. B) the transactions component of the demand for money is negatively related to the level of interest rates. C) the speculative motive is nonexistent. D) velocity is unrelated to the transactions motive.
Economics
Retailers do not find it profitable to engage in promotional activities because
a. They cannot reap the full benefits of the promotion b. They do not have to share the benefits of the promotion with the manufacturer c. They are unaware of competing retailers' ability to "free ride" on their efforts d. All of the above
Economics