Multiple Choice
Do consumers benefit if government sets a price ceiling in a market?
A) No, because government regulations always injure consumers.
B) No, because consumer surplus decreases.
C) Yes, because consumer surplus increases.
D) Yes, because consumers will pay a lower price.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: The observation that over time demand curves
Q34: Import tariffs have the effect of:<br>A)lowering the
Q35: A tax on an industry with a
Q36: Rent control:<br>A)increases social welfare.<br>B)affects the demand for
Q37: The demand function for coffee was q
Q39: An effective quota system does not:<br>A)increase quantity
Q40: If the elasticity of demand is low,
Q41: In order to fund health care, the
Q42: Although a price ceiling sets a
Q43: A price ceiling is a policy that:<br>A)will