Multiple Choice
Suppose a hurricane causes a great deal of destruction in Texas. After the hurricane, it takes much longer than usual for the reconstruction of homes to take place. A possible explanation for this is
A) greed by suppliers of construction materials increased.
B) government prevented price gouging during the reconstruction period.
C) prices of construction materials fell in the rest of the nation
D) environmental restrictions on lumbering in the Pacific Northwest were relaxed.
Correct Answer:

Verified
Correct Answer:
Verified
Q257: The price of labor in the agricultural
Q258: In a market system, how are the
Q259: A price ceiling set below the market
Q260: Using a graph, show a market equilibrium.
Q261: If the government imposes a price floor
Q263: Which of the following statements is NOT
Q264: The signals in markets are determined<br>A) by
Q265: Goods A and B are complementary goods.
Q266: A market in which a price-controlled good
Q267: The way we know what commodities are