Which of the following will occur if a legal price floor is placed on a good below its freemarket equilibrium?
What will be an ideal response?
The equilibrium price will ration the good.
Economics
You might also like to view...
The reserve requirement is the:
A. minimum level of reserves a bank can have. B. maximum level of reserves a bank can have. C. maximum ratio of reserves to deposits that a bank can have. D. minimum ratio of reserves to deposits that a bank can have.
Economics
In-kind transfers include housing subsidies and food stamps.
Answer the following statement true (T) or false (F)
Economics