Consequences of the price floor

+44 141 628 6080
[email protected]

Consequences of the price floor: The consequences of price floor might be: (A) Surplus of the commodity (B) The government might resort to buffer stocks to absorb the excess in the market at the support price and sells the products to consumers beneath its cost of production.

View Complete Question

Related Questions in Microeconomics

Q : Types of elasticity of supply Types of

Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

Q : Determine price elasticity coefficient

In below this demonstrated figure, there demand curve: (w) D0D0 is perfectly price-inelastic. (x) DD is perfectly price-elastic. (y) DD has a price elasticity coefficient of unity (1). (z) D0D0 has a price e

Q : Calculations of price elasticity of

At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic.

Q : Stable negatively-sloped demand curve

Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas

Q : Problem regarding to tariffs and tax

American buyers would bear a tax burden of ____ when there was a U.S. import tariff equivalent to distance ac, while Japanese sellers would bear a tax burden equivalent to ____. (w) ab and bc. (x) bc and ab. (y) ac and zero. (z) zero and ac.

Q : Maximize profit by manufacturing output

All firms maximize profit by manufacturing output where is: (w) AC = MR. (x) MC = MR when maximum total revenue exceeds total variable costs. (y) MR is rising. (z) TR = TC. How can I solve my Economics

Q : Emergence and development of common

The economist most intimately identified along with the emergence and early development of common equilibrium analysis was: (w) Adam Smith. (x) Leon Walras. (y) Alfred Marshall. (z) William Stanley Jevons. Can some

Q : Economic profit at profit-maximizing

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine produces its profit-maximizing output, this is demonstrated as: (w) operating in the long run. (x) realizing an economic profit equ

Q : Purely competitive price takers and

Different from Firm D, Firms A and B as well as C are all: (w) profitable firms that enjoys significant market power. (x) purely-competitive price-takers and quantity-adjusters. (y) pure monopolies. (z) perfectly inelastic suppliers.

Q : Determine price and quantity when

When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises.

Discover Q & A

Leading Solution Library

Avail More Than 1442590 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1935042
Asked

3,689

Active Tutors

1442590

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment