A price ceiling set above the equilibrium price will result in:
A) fewer exchanges
B) shortages
C) surpluses
D) black markets
E) the equilibrium price occuring
I gov establishes a ceiling on the price of rental accomodation lower that the equilibrium price, then:
A) the current stock of rental housing will be better maintained as there is shortage of housing
B) construction of new rental untis will be encouraged
C)surplus current rental units will develop
D)the housing market will be unaffected
E) those people who obtain rental units at the ceiling price will benefit
When the percentage change in the quantity demanded resulting from a price change is greater than the percentage change in price, demand issaid to be:
A) unit elastic
B) inelastic
C) zero elastic
D) perfectly elastic
E) elastic
2007-01-26 08:54:27 · 3 answers · asked by apshawnhunt 2 in Social Science ➔ Economics
First is A
Second is B
Third is E
2007-01-26 09:06:11 · answer #1 · answered by psoup 3 · 0⤊ 1⤋
Bankruptcy - We have rampant socialism - way overpriced
2007-01-26 09:02:08 · answer #2 · answered by Brite Tiger 6 · 0⤊ 0⤋
Ok, do your own homework.
2007-01-26 08:59:28 · answer #3 · answered by Michelle 3 · 0⤊ 0⤋