--%>

When is Price Ceiling not create pressure

Price ceilings do NOT create pressures for: (w) shortages of price controlled goods. (x) black markets, queuing, or sales by favoritism. (y) opportunity costs to be lower than or else. (z) transactions at monetary prices below the equilibrium price.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Uniting individual sellers of labor Can

    Can someone help me in finding out the right answer from the given options. Economically, the labor unions can be thought of as: (1) Motivating competition between workers for jobs. (2) Raising the flexibility of the nominal wages. (3) Attempts to cartelize and unite

  • Q : Bargaining model settlement range

    settlement range between management and the trade union

  • Q : Define change in demand Change in

    Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.

  • Q : What is technological advance Broadly

    Broadly defined, technological advance: A) can occur in either the short run, long run, or very long run. B) comprises new and improved goods and services and new and improved ways of producing or distributing them. C) includes invention, but not innovation or diffusi

  • Q : Average production cost by maximum

    When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its average production cost per DVD will be roughly: (i) $3 per copy. (ii) $5 per copy. (iii) $7 per copy. (iv) $9 per copy. (v) $11 per copy.

  • Q : Law of demand is price in the law of

    is price in the law of demand an absolute or relative price

  • Q : Closed Shops and union members Firms

    Firms which agreed to hire only workers who were already the union members would be operating: (1) Agency shops. (2) Bilateral monopolies. (3) Monopsonistic shops. (4) Union shops. (5) Closed shops. Choose the right answer from the

  • Q : Weekly economic profit of profit

    The profit maximizing firm currently here in illustrated graph can generate a weekly economic profit of approximately: (1) $29,000. (2) $31,500. (3) $34,000. (4) $36,500. (5) $39,000.

    Q : Existence of Diseconomies I have a

    I have a problem in economics on Existence of Diseconomies. Please help me in the following question. Diseconomies of the scale exist if: (1) Price reduces as more units are sold. (2) Total costs reduction as output raise. (3) Average costs raise as output rises. (4)

  • Q : About greatest economy Does Europe and-

    Does Europe and- USA or China have the greatest economy?