--%>
Assignment Help - homework help

Effect of imposesing minimum price below market price

Describe what will happen while the government imposes a minimum price i.e. below the market equilibrium price. Why is this true?

The minimum price will have no effect on the market. It is true since the price floor will only have an impact while the market equilibrium price is below it. Firms & consumers will otherwise not change their behaviour.

 

   Related Questions in Biology

  • Q : Pairing of homologous chromosomes In

    In which period of meiosis, the pairing of homologous chromosomes take place?

    		•
  • Q : Mineral salts-acts as coenzymes Give

    Give some illustrations of mineral salts from the diet which acts as coenzymes? Answer: Zinc, Magnesium and copper are illustrations of biological coenzymes.

    		•
  • Q : Biology Determine sequence weights for

    Determine sequence weights for the sequences ACTA, ACTT, CGTT, and AGAT in problem 1 by using Thompson, Higgins, and Gibson method a) compute pairwise distances between sequences b) build phylogenetic the tree using UPGMA method c) derive sequence weights Problem 2 We assumed additi

    		•
  • Q : Problem on sales tax-subsidy policy A

    A sales tax of 10 % is placed on half of the firms (the polluters) in a competitive industry. The revenue is paid to the remaining firms (the non polluters) as a 10 percent subsidy on the value of output sold. Supposing that all firms have identical constant

    		•
  • Q : Erythroblastosis fetalis What do you

    What do you mean by erythroblastosis fetalis?

    		•
  • Q : Define Sales Closing Sales Closing :

    Sales Closing: Analysts utilize various metrics to measure the effectiveness of sales activities. Companies utilize the data these metrics produce to evaluate market share, profits and other factors that find out a company's success. The sales closing

    		•
  • Q : Manage And Analyse knowledge &

    Scenario Lucas-TVS is the Leader in Auto Electricals in India today with 50 years experience in design and manufacturing. 4 out of 5 vehicles rolled out daily are fitted with Lucas-TVS products. The company has man

    		•
  • Q : Traits of condrichthyes and osteichthyes

    State the traits from which do condrichthyes and osteichthyes get these names?

    		•
  • Q : Striped pattern of the striated muscle

    How is striped pattern of the striated muscle cells made?

    		•
  • Q : Name the cells which generate the

    Name the cells which generate the myelin sheath? Out of which substance is the myelin sheath made?

    		•