A price ceiling set below the equilibrium price is binding

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Refer to Table 2.3. Increasing the number of workers from 2 to 3 will increase output per day by

A) 60 units. B) 90 units. C) 150 units. D) 240 units.

Economics

In the above figure, the indifference curves indicate that the two goods are

A) perfect complements. B) perfect substitutes. C) ordinary goods. D) normal goods.

Economics