If the government-imposed price of corn is greater than the market price,
a. the quantity of corn supplied will exceed the quantity of corn demanded.
b. the quantity of corn supplied will be less than the quantity of corn demanded.
c. the demand curve for corn will shift to the right.
d. the supply curve of corn will shift to the right.
a. the quantity of corn supplied will exceed the quantity of corn demanded.
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In the above figure, the curve has a slope that is ________
A) positive and becoming larger in magnitude B) positive and becoming smaller in magnitude C) negative and becoming larger in magnitude D) negative and becoming smaller in magnitude
A bank panic occurs when
A) a bank is worried that its loans will not be repaid. B) an individual bank cannot meet its reserve requirements. C) a bank lacks sufficient funds with which to make loans. D) the situation in which many banks experience a bank run simultaneously.