A side effect of a price floor set above the equilibrium price is:
a. the new price is below equilibrium price.
b. an excess supply of the good is created.
c. an excess demand for the good is created.
d. the supply of the good decreases.
e. the demand for the good increases.
b
Economics
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The three main types of securities market organization are
A) primary, secondary, and tertiary markets. B) stock, money, and bond markets. C) public, private, and government markets. D) auction, dealer, and brokered markets.
Economics
After sugar refiner has produced fine sugar for baking purposes, what is left over is used to produce molasses. This technology exhibits
a. Economies of scale b. Economies of scope c. Diseconomies of scale d. Diseconomies of scope
Economics