--%>
Assignment Help - homework help

Effects of price controls for a price ceiling set

The consequences of price controls would be least discernible for a price ceiling set: (1) above the price equilibrium. (2) below the price equilibrium. (3) in a region of diminishing returns. (4) unfavorable to market companies. (5) equal to the black market rate.

Hello guys I want your advice. Please recommend some views for above economics problems.

   Related Questions in Microeconomics

  • Q : Consuming a grouping of goods problem A

    A household utmost it’s utility by consuming a grouping of goods which exhausts income when, for each and every good, the: (i) Marginal utilities are equivalent. (ii) Prices are equivalent. (iii) Ratios of marginal utility or price are equivalen

    		•
  • Q : Break-even levels of output for a firm

    Break-even levels of output for a firm happen where is: (w) total revenue equals total economic cost. (x) accounting profits are zero. (y) total variable cost equals total fixed costs. (z) competitive firms will shut down within the short run.

  • Q : Determine price and quantity by

    The price elasticity of demand at a specified price and quantity is demonstrated by the ratio of the relative as: (w) change within quantity demanded over a specified proportional price change. (x) reciprocal of the price elasticity o

    		•
  • Q : Charge a price by monopolists Most

    Most monopolists whom do not price discriminate and that operate effectively in the long run are capable to charge a price: (w) greater than minimum average total costs [ATC]. (x) less than MR. (y) less than marginal costs [MC]. (z) less than which of

    		•
  • Q : Caveat emptor-Laws and Regulations The

    The Caveat emptor is a prehistoric legal doctrine mainly based on the idea that buyer: (1) Are the finest judges of the value that they will receive when they purchase. (2) Must receive money back guarantees when products are flawed. (3) Need governme

    		•
  • Q : Limit Pricing Strategy When an

    When an incumbent firm uses an edge pricing strategy: (w) this can maximize short run profits and discourage entry in the market. (x) this may not be maximizing short run profits, but this can make positive economic profits over the long run. (y) the

    		•
  • Q : Market power and inefficiency The

    The widespread and unregulated exercise of monopoly power is probable to result within: (1) economic inefficiency because price exceeds marginal cost. (2) the value of national income being higher than under competition. (3) a politically more accepta

    		•
  • Q : Economics like a social science Why is

    Why is economics seen like a social science?

    		•
  • Q : Demand curves relatively more elastic

    Scrutiny of demand curves DD and D0D0 reveals such that: (1) D0D0 is relatively more elastic at a price of P1. (2) DD is relatively more elastic at a price of P2. (3) D0D0 probably reflects the demand f

    		•
  • Q : Process of Privatization The

    The Privatization is a process by which ‘for-profit’ business firms: (1) Transform small entrepreneurships into big corporations. (2) Hiring professional administrators to assist manage operations. (3) Vend corporate stocks and bonds to safe the economic c

    		•