If the equilibrium price of widgets is $22, and then a price ceiling of $24 is imposed by the government, as a result,
a. there will be no effect on the widget market.
b. there will be a shortage of widgets
c. there will be a surplus of widgets.
d. the price of widgets will increase.
a
Economics
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As the availability of a non-renewable resource decreases, we would expect
a. Rising prices and increased production b. Rising prices and decreased production c. Rising prices and stable production d. Falling prices and increased production e. Falling prices and decreased production
Economics
Alberta buys a paint sprayer and a lift for her car customizing shop. A macroeconomist would refer to these purchases as investment
a. True b. False Indicate whether the statement is true or false
Economics