Themarketforapplesis
题号: DqRaThe market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price floor in the market at a price of $0.40 per pound, then:
A、. quantity demanded will decrease.
B、. quantity supplied will increase.
C、. there will be a shortage of the good.
D、. the price floor will not affect the market price or output.
B、. quantity supplied will increase.
C、. there will be a shortage of the good.
D、. the price floor will not affect the market price or output.
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Suppose the current price of a pound of steak is $12 per pound and the equilibrium price is $9 per pound
A、 shortage, so the price falls and quantity demanded increases.
B、 surplus, so the price falls and quantity demanded increases.
C、 shortage, so the price rises and quantity demanded decreases.
D、 surplus, so the price rises and quantity demanded increases.
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已解答Suppose the equilibrium price of oranges is $2.00 per pound.
A、 shortage exists and the price falls to restore equilibrium.
B、 shortage exists and the price rises to restore equilibrium.
C、 surplus exists and the price falls to restore equilibrium.
D、 surplus exists and the price rises to restore equilibrium.
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已解答Assume the equilibrium price in a competitive market is $20.
A、Price: Increase Quantity: Decrease
B、Price: Increase Quantity: Increase
C、Price: Decrease Quantity: Decrease
D、Price: Decrease Quantity: Increase
E、Price: Not change Quantity: Not Change
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已解答If the market price of salmon is $8.99 per pound but the government will not allow salmon farmers to
Ifthemarketpriceof
已解答