--%>
Assignment Help - homework help

What is generated by imposition of a price floor

Imposition of a price floor tends to generate a: (w) shortage of the good. (x) surplus of the good. (y) excess demand for the good. (z) sellers’ market for the good.

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Microeconomics

  • Q : Change of demand If demand for good

    If demand for good falls due to increase in its own price. Then what is the change in demand termed? Answer: Contraction of demand

    		•
  • Q : Psychic Income problem Assume that a

    Assume that a few years after graduating, life as an investment banker became very frustrating that you switched careers to work as the professional cat walker, and were happier even although your annual income fell much than 80 percent. Your decreased money income is

    		•
  • Q : Calculating economic profit for first

    Assume that the banker is employed at an annual salary of $60,000. She as well has financial assets worth of $40,000 which earns $1,500 per year in interest. She too owns a commercial building that she rents out for $20,000 per year. Now assume that she quits this job

    		•
  • Q : Determining type of good An increase in

    An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good

    		•
  • Q : Highest legal price for Whopper Slushees

    Beginning at equilibrium, a new highest legal price for Whopper Slushees set at P1 would: (i) cause people to purchase more Slushees and fewer cones from Dairy Queen. (ii) Reduce total market demand. (iii) Yield surplus demand and a scarcity. (iv) Inc

    		•
  • Q : Barriers to entry and long run

    A firm which realizes an economic profit in the short run will carry on generating economic profits in the long run only when: (i) it maximizes economic revenue. (ii) barriers to entry prevent entry from rival firms. (iii) its managers minimize princi

    		•
  • Q : When is not total annual revenue

    As per this demonstrated figure in below, unless something changes the total annual revenue of Robot Butlers, Inc. Can’t exceed: (1) $10,000. (2) $20,000. (3) $100 million. (4) $200 million. (5) $400 million.

  • Q : Define Ex-ante aggregate demand Define

    Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.

    		•
  • Q : Demand curve for software upgradation

    Microsoft charges a substantially lower price for a software upgrade than for the initial purchase of the software. This implies that Microsoft views the demand curve for the software upgrade to be: A) more elastic than the demand for the original software. B) upslop

    		•
  • Q : Illustration of Contestable Market The

    The probably of the following industries to be a contestable market is: (i) electricity generation. (ii) cellular telephone services. (iii) cable TV systems. (iv) natural gas service. (v) water and sewer services.