Solved

Which of the Following Is NOT a Potential Result of a Price

Question 59

Multiple Choice

Which of the following is NOT a potential result of a price floor?


A) excess supply
B) price greater than free-market equilibrium price
C) Lower quality inputs are used, which increases marginal cost.
D) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: What is one reason existing firms might

Q55: In a perfectly competitive market the long-run

Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q57: The larger the U.S.imposed per unit import

Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q60: What is one reason firms might lobby

Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q62: Sarah and David both have linear demand

Q63: Suppose a farmer in a perfectly competitive

Q64: Assume government policy increases the demand for