If the price in a market is fixed by the government above equilibrium ?

Related Mcqs:

A reduction in the costs of production will ?

A. Lead to a movement along the supply curve B. Shift the demand curve C. Shift the supply curve D. Lead to an extension of supply...

VAT is a good example of which kind of tax ?

A. Specific B. Exercise duty C. Direct D. Ad valorem...

Externalities arise because there is a divergence between ________ and _________?

A. private costs, private benefits B. private costs, social costs or benefits C. social costs, social benefit D. insiders, outsiders...

Which of the following is the government most likely to subsidies ?

A. Negative externalies B. Positive externalities C. Monopolies D. Oligopolies...

A good example of a public good is ?

A. public transport B. the national health service C. national defence D. rail transport...