If the government thinks the price that a consumer has to pay for a good is too high, then which of the following would solve this problem?
a. a price ceiling or an excise tax
b. a price floor or an excise tax
c. a price ceiling or a subsidy
d. a price floor or a subsidy
e. none of the above will lower the price a consumer has to pay for a good
C
Economics
You might also like to view...
The quantity supplied of a good:
A) is inversely related to the price of the good. B) is determined irrespective of the market price. C) is always equal to the quantity demanded of the good. D) is the amount of the good that sellers are ready to supply at a given price.
Economics
Which of the following economic indicators is used by the World Bank to classify countries as industrial or emerging economies?
a. GDP b. Rate of inflation c. Net exports d. Per capita income e. Budget deficits
Economics