--%>

Purpose of shortages of price in price ceilings

Price ceilings tend to purpose of: (a) opportunity costs to decline. (b) monetary prices to rise legally. (c) shortages of price controlled goods. (d) black markets to disappear. (e) surpluses of goods at inflated prices.

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

   Related Questions in Microeconomics

  • Q : Freedom of entry in monopolistically

    Along with freedom of entry in a monopolistically competitive market, in long run equilibrium is reached along with firms: (w) earning zero economic profit. (x) producing where price equals marginal cost. (y) producing their most efficient output. (z)

  • Q : Kinked demand curve about product price

    When an oligopolist is aware about the firm faces a kinked demand curve, this: (1) may cut price along with little expected reaction by rivals. (2) can avoid consumer demand and preferences. (3) may keep product price despite large ch

  • Q : Interest rate risk premium What is

    What is Interest rate risk premium? Briefly explain it.

  • Q : Reason of existence of firms Can

    Can someone please help me in finding out the accurate answer from the following question. The primary reasons for the existence of firms would not comprise: (1) Collecting sales taxes for government. (2) Entrepreneurial drives for the potential gains. (3) Cutting tra

  • Q : Price inelastic demand without

    A monopolist, who does not price discriminate, cannot maximize profits through producing where demand is: (w) price elastic. (x) price inelastic. (y) above marginal cost. (z) above marginal revenue. Hey friends ple

  • Q : Nonlinear kinked demand curve Within

    Within this "kinked-demand curve" model, that firm views the demand curve this faces as the: (w) linear "kinked" demand curve aD2 for all prices. (x) linear "kinked" demand curve D1D1 for all prices. (y) nonlinear "kin

  • Q : Calculating Economic and Accounting

    Can someone help me in finding out the right answer from the given options. Net sales revenue of the Rusty Key Corporation for the year 2005 is $190,000. The net explicit costs incurred were $70,000, and net implicit costs were $65,000. The accounting profit is ____ a

  • Q : Outcome of a purely competitive market

    When cost conditions are otherwise identical, compared to the outcome of a purely competitive market, in that case a monopolist: (w) produces less and charges more. (x) maximizes total profits whenever possible. (y) confronts a demand curve where P =

  • Q : Demands for Labor-Trade off work The

    The demands for labor mainly based on LEAST on the levels of: (i) Labor productivity. (ii) Technology and amounts of other resources used. (iii) Demand for the final products. (iv) Trade-off between work (producing income) and free time.

  • Q : Determine area of maximum profit For

    For LoCalLoCarbo maximum profit equals the area of the rectangle as: (1) 0P1bq2. (2) bdP4P1. (3) 0P4dq2. (4) bcP3P1. (5) 0P2fq4.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1426085 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1940217
    Asked

    3,689

    Active Tutors

    1426085

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.