--%>

Maximum legal prices on resources or goods

Please help me to solve the problem of economic that is given below.

Maximum legal prices upon resources or goods are: (w) floors. (x) wedges. (y) disinflation. (z) ceilings.

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

   Related Questions in Microeconomics

  • Q : Effect of prices declining in

    Can someone please help me in finding out the precise answer from the following question. Americans would start cultivating bigger, greener lawns when the: (i) Prices of the fertilizer and water declined. (ii) Government imposed stricter safety standards for the lawn

  • Q : Total economic of profit or loss at

    When the wholesale price P = $10 per bushel of peaches, it purely competitive peach orchard maximizes profit through producing ___ bushel of peaches at a total economic as profit or loss of $___. (i) zero; loss; -$4,000. (ii) 2000; lo

  • Q : Illustrations of Predatory Behavior

    Tactics as like [a] lowering prices, [b] expanding output beyond a short run profit maximizing level, and [c] aggressively advertising or redesigning existing products to make them incompatible along with rivals’ products are most likely to be interpreted as ill

  • Q : Rental Values of Property Rental values

    Rental values of property to a firm are POSITIVELY associated to the: (w) transactions costs incurred through the customers of the firm. (x) transportation costs of the firm’s resource suppliers. (y) physical characteristics which contribute to

  • Q : Determinants that consumers want to buy

    In addition to price, what are the other determinants that consumers want to buy?

  • Q : Power of monopsonist I have a problem

    I have a problem in economics on Power of monopsonist. Please help me in the given question. The firm which is the sole buyer of a specific good or resource is a: (i) Monopsonist. (ii) Plutocracy. (iii) Bilateral monopolist. (iv) Price discriminator.

  • Q : Comparative advantage of growing fruits

    The Oranges are grown-up in Florida and potatoes are grown up in Maine mainly as: (i) There is no orange-grower’s lobby in the Maine to save from harm and Maine oranges from the unfair competition. (ii) Potatoes are not eaten in the Florida. (iii) Maine consists

  • Q : Law of demand Describe the law of

    Describe the law of demand with help of a schedule diagram? Answer: The Law of demand states that there is an inverse relationship among the price of a commodity an

  • Q : Price times quantity in total revenue

    Total revenue equals: (w) price times quantity. (x) marginal revenue times marginal cost. (y) profit per unit of output. (z) total cost minus profit. Please choose the right answer from above...I want your suggesti

  • Q : Problem on Open Shops Whenever a firm

    Whenever a firm hires workers in spite of of whether the workers pay union dues, then this is: (i) A closed shop. (ii) A union shop. (iii) An agency shop. (iv) An open shop. (v) A scab shop. Choose the right answer from the above o