A binding price ceiling creates?

Related Mcqs:

For a price ceiling to be binding constraint on the market the government must set it ?

A. above the equilibrium price B. below the equilibrium price C. precisely at the equilibrium price D. at any price because all price ceilings are binding constraints...

Suppose the equilibrium price for apartments is Rs500 per month and the government imposes rent controls of Rs250 Which of the following is unlikely to to occur as a result of the rent controls?

A. There may be long lines of buyers waiting for apartments B. Landlords may discriminate among apartment renters C. Landlords may be offered bribes to rent apartments D. there will be a storage of housing E. the quality of apartments will improve...

Which of the following statements about a binding price ceiling is true ?

A. The shortage created by the price ceiling is greater in the short ran than in the long run. B. The surplus created by the price ceiling is greater in the short run than in the long run C. The surplus created by the price ceiling is greater in the long run than in the … Which of the following statements about a binding price ceiling is true ?Read More...

When a tax is collected from the buyers in a market, ?

A. the tax burden falls most heavily on the buyers. B. the buyers bear the burden of the tax C. the sellers bear the burden of the tax D. the tax burden on the buyers and sellers in the same as an equivalent tax collected from the sellers...

A tax placed on a good that is a necessity for consumers will likely generate a tax burden that ?

A. falls more heavily on sellers B. falls entirely on sellers C. falls more heavily on buyers. D. is evenly distributed between buyers and sellers....