A price floor in a perfectly competitive market
a. creates more harm for sellers than gain for buyers
b. is effective only it is set at the equilibrium price
c. is a Pareto improvement
d. can turn an inefficient outcome into an efficient outcome
e. creates more harm for buyers than gain for sellers
E
Economics
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Fiscal policy encompasses all of the following except
A) expenditures by the government. B) monetary injection by the government. C) taxation by the government. D) borrowing by the government.
Economics
Economic growth can be represented by a (an):
A. percentage decrease in real GDP. B. leftward shift of the long-run aggregate supply curve (LRAS). C. outward shift of a production possibilities curve. D. inward shift of a production possibilities curve.
Economics