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

Related Mcqs:

A perfectly competitive market has ?

A. firms that set their own prices B. only one seller. C. at least a few sellers. D. many buyers and sellers....

A price ceiling is ?

A. a maximum price usually set by government that sellers may charge for a good B. the different between the initial equilibrium price and the equilibrium price after a decrease in supply C. a minimum price usually set by government that sellers must charge for a good D. a minimum price that consumers are willing … A price ceiling is ?Read More...

Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?

A. the equilibrium quantity to rise and the equilibrium price to rise B. the equilibrium quantity to rise and the equilibrium price to fall C. the equilibrium quantity to rise and the equilibrium price to remain constant D. the change in the equilibrium quantity to be ambiguous and the equilibrium price to rise E. the … Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?Read More...

A decrease in demand for a products should ?

A. increase equilibrium price and quantity B. Decrease equilibrium price and quantity C. Increase equilibrium price and decrease quantity D. Decrease equilibrium price and increase quantity...

A good example of a public good is ?

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