--%>
Assignment Help - homework help

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 : Difference between planned and actual

    Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

    		•
  • Q : Critics of negative income tax Critics

    Critics of negative income tax (NIT) proposals most generally argue that: (a) economic rents should be taxed at a rate of 100%. (b) in-kind services should be above and beyond generous income assistance. (c) no NIT plan would be flexible enough to sol

    		•
  • Q : Best illustration of an oligopoly The

    The best illustration of an oligopoly is: (1) guaranteed next-day delivery of packages and mail. (2) cranberry production. (3) all the local electric utility companies in New England. (4) the United Autoworkers [UAW] union. (5) Wal-Mart.

  • Q : Managerial economics and good business

    please find the attached file (project) and qoute for it. minimus 7 pages required.

    		•
  • Q : Public Policy and the Distribution of

    The two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b

    		•
  • Q : Relative value of additional unit of a

    In equilibrium, the relative value of an additional unit of a good to a specified consumer is approximately proportional to the: (w) marginal revenue to the firm that sold the good. (x) marginal production cost of the good. (y) relative market price of the good. (z) a

    		•
  • Q : Duopoly for two sellers What is that

    What is that market termed in which there are just two sellers (or firms)? Answer: Duopoly terms to a market condition in which there are only two sellers.

    		•
  • Q : Elasticity and Revenue At the point of

    At the point of unit elasticity beside the demand curve then a firm faces: (w) profits are always maximized. (x) total revenue is certainly at a maximum. (y) total costs are minimized. (z) All of the above. I need

    		•
  • Q : Normal accounting profit The only

    The only profit earned within the long run through a purely competitive firm is of: (w) normal accounting profit. (x) offset by short term losses. (y) created by exceptionally astute managers. (z) unrelated to its opportunity costs.

    Q : Illustration of production process The

    The Physical space is an illustration of the: (i) An input in the production procedure. (ii) The constraint on the production. (iii) The labor used up in production. (iv) An output of production procedure. Can someone please help m

    		•