If a maximum price is set below equilibrium there will be ?

Related Mcqs:

Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

A. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall. B. the equilibrium quantity to rise and the equilibrium price to rise C. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous D. the equilibrium quantity to rise and the equilibrium price to … Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more...

Nationalisation occurs when ?

A. The government sells assets to a the private sector B. The government bans a product C. The government takes control of an industry D. The government taxes a product to a raise its price...

If two firms doing the same thing in the same industry join together, this is known as a ?

A. vertical merger B. horizontal merger C. conglomerate merger D. hostile takeover...

A shift in supply will have a bigger effect on price than output if demand is ?

A. income elastic B. income inelastic C. Price elastic D. Price inelastic...

A competitive equilibrium is Pareto-efficient because ?

A. Producers are price takers B. consumers and producers face the same prices C. marginal costs and benefits are equal D. prices equal marginal cost and benefit E. All of the above...