--%>
Assignment Help - homework help

Effect of imposesing a maximum price by government

Describe what will happen while the government imposes a maximum price that is above the market equilibrium price. Why is this correct?
The maximum price will have no effect on the market. It is true because the price ceiling will only have an impact while the market equilibrium price is above it. Firms & consumers will or else not change their behaviour.

   Related Questions in Biology

  • Q : What happen when visual images are

    As the visual images are projected in an inverted way on the retina why we don't see things in upside down?

    		•
  • Q : Explain New Business Development New

    New Business Development: It concerns all the activities included in realizing new business opportunities, comprising business model design, product or service design, and marketing. Whenever splitting business development into two portions, we have:

    		•
  • Q : What is Systems Implementation Systems

    Systems Implementation: It is the practice of making or modifying a system to build a new business process or substitute an existing business procedure. The technology integration is the practice of integrating multiple system actions to interact and

    		•
  • Q : Type of nitrogen waste that birds

    Name the type of nitrogen waste that birds produce? Why does this characteristic, besides being an adaptation to terrestrial atmosphere, as well mean an adaptation to flight?

    		•
  • Q : Illustrate out clotting factors Briefly

    Briefly illustrate out clotting factors?

    		•
  • Q : Respiratory muscles in mammals Name the

    Name the respiratory muscles in mammals?

    		•
  • Q : Human viral diseases transmitted by

    Write down the main human viral diseases transmitted by the mosquitoes?

    		•
  • Q : Necessary amino acid present in children

    What is the necessary amino acid present in children? Answer: Essential amino acid present in the children is histidine.

    		•
  • Q : Name the three portions of small

    Name the three portions of small intestine? Answer: The small intestine is classified into three parts as: duodenum, jejunum and ileum.

    		•
  • Q : Characteristics of Motivation -

    1.      Motivation is a psychological phenomenon: the person's activation depends upon the felt needs and expectations. The process of motivation, which is mainly concerned with needs, desires, expectations, confidence, satisfaction, is a psychological ph

    		•