--%>
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 : Initiation of breathing Initiation of

    Initiation of breathing: There is spontaneous initiation of breathing in the central nervous system and the body's respiratory system performs it. Taken as a whole, this system allows the body to inhale the air containing oxygen, and to exhale the har

    		•
  • Q : Recovery modes work in informatica How

    How the recovery modes work in the informatica?

    		•
  • Q : What is Reorganization Reorganization :

    Reorganization:A) Reformation of a firm's operations, in order to focus on core actions and outsource peripheral ones, frequently needing reduction in workforce. B) Combination of two or more organizational u

    		•
  • Q : Introduction of the term BMI Provide a

    Provide a brief introduction of the term BMI?

    		•
  • Q : Main groups in which mammals are divided

    Write down three main groups in which mammals are divided?

    		•
  • Q : Explain DNA ligases Explain the DNA

    Explain the DNA ligases? How do these enzymes participate within the recombinant DNA technology?

    		•
  • Q : Psychological Dimensions of Jungian's

    Carl Jung's theories and personality types are very relevant to consumer behavior. Marketers are benefited by using Myers-Briggs type indicators that measures the following pairs of psychological dimensions: Sensing-intuiting. Thinking-feeling.

    		•
  • Q : Procedure of Conflict Handling -

    Following steps must be taken in resolving a conflict already arisen: 1)    Preliminary step: this step involves knowing of full details of the conflict and the first thing to note is the stage of conflict. The more advance the stage of conflict, the more e

    		•
  • Q : Name the habitat in which birds live

    Name the habitat in which birds live? Answer: Birds are terrestrial animals however the majority of species as well explore the aerial atmosphere by flying.

    		•
  • Q : Battus philenor and Vanessa cardui What

    What is the major difference between the insects Battus philenor and Vanessa cardui?

    		•