Which of the following changes to the market in the graph shown could cause the price ceiling to become non-binding?
A. Demand could increase, and shift to the right.
B. Supply could increase, and shift to the left.
C. Supply could increase, and shift to the right.
D. Supply could decrease, and shift to the left.
C. Supply could increase, and shift to the right.
Economics
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The level of output at which all economies of scale have been exhausted is known as
A) constant returns to scale. B) optimal economic size. C) minimum efficient scale. D) the economically efficient output level.
Economics
Property taxes are:
A. Collected primarily at the Federal level B. The largest source of tax revenue for local governments C. The primary source of Federal revenue sharing funds D. Used primarily by states to finance state welfare programs
Economics