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.Management Sciences
A. a decrease in the price buyers pay, an increase in the price sellers receive, and a decrease in the quantity sold
B. an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold
C. a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold
D. an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold
Related Mcqs:
- For which of the following products would the burden of a tax likely fall more heavily on the sellers ?
- A. Clothing B. food C. housing D. entertainment...
- A binding price ceiling creates?
- A. a shortage or a surplus depending on whether the price ceiling is set above or below the equilibrium price B. a surplus C. a shortage D. an equilibrium...
- A price floor ?
- A. always determines the price at which a good must be sold B. sets a legal maximum on the price at which a good can be sold C. is not a binding constraint if it is set above the equilibrium price D. sets a legal minimum on the price at which a good can be … A price floor ?Read More...
- Which of the following is an example of price floor ?
- A. the minimum wage B. rent controls C. restricting petrol prices to Rs100 per litre when the equilibrium price is Rs150 per litre D. All of these answers are price floors...
- Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?
- A. a teenage worker with few qualifications. B. A manual worker with fifteen years of work experience C. A professional worker with university degree. D. All there are equally likely to find it difficult to get a job...
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