The government can turn a shortage of a good into a surplus by
A) imposing a sufficiently low ceiling price.
B) offering subsidies to producers.
C) persuading producers to increase the amount of the good available.
D) supporting the price of the good above the market clearing level.
D
Economics
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In maximizing net gains, the perfectly competitive firm will seek to:
a. minimize average variable cost. b. minimize average total cost. c. minimize marginal cost. d. maximize profit.
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The impact on the land, air, and sea from consumption of goods and resources is known as the _______________
a. Ecological footprint b. Natural capital c. Species preservation d. None of the above is correct
Economics