A price ceiling is<br/> A、. a legal maximum price at which a good can be sold.<br/> B、. a legal minimum price at which a good can be sold.<br/> C、. typically equal to the equilibrium price of a good.<br/> D、. a price set by government that varies wit
Market Failure:Market failure occurs when the price mechanism allocates resources inefficiently. There is a welfare loss. Market failure could occur due to: Monopoly, Public Goods, Externalities or Asymmetric Information. Maximum Price:A maximum price is a price ceiling, the market price cannot rise...
A price ceiling is a regulatory measure imposed by the government to influence the highest amount that sellers in the market are to charge for their...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a questi...
12. Demand is inelastic if the price elasticity of demand is greater than 1. 13.A price ceiling is a legal minimum on the price at which a good or service can be sold. 14. A price floor set above the equilibrium price is not binding. 15 .The equilibrium of supply and demand in a...
Apriceceilingisbindingwhenitisset? above;the;equilibrium;price,;causing;a;shortage.below;the;equilibrium;price,;causing;a;surplus.above;the;equilibrium;price,;causing;a;surplus.below;the;equilibrium;price,;causing;a;shortage.相关知识点: 试题来源: 解析 below;the;equilibrium;price,;causing;a;shortage...
Apriceceilingisbindingwhenitisset? above;the;equilibrium;price,;causing;a;surplus.below;the;equilibrium;price,;causing;a;shortage.below;the;equilibrium;price,;causing;a;surplus.above;the;equilibrium;price,;causing;a;shortage. 相关知识点: 试题来源: 解析 below;the;equilibrium;price,;causing;a;shor...
aFor this example, a $300 price ceiling would cause a shortage of 4,000 bicycles. A price ceiling is binding if it is set at any price below equilibrium price. Since the equilibrium price in the market is $500, this would be a binding price ceiling. 为这个例子, $300价格上限将导致4,...
apriceceilingisbindingwhenitisset：价格上限是结合时,它是集
A price ceiling is a price control or limit on how high a price can be charged for aproduct, service, or commodity. Price ceilings are limits imposed on the price of aproduct, service, or commodity to protect consumers from prohibitively expensive items. These limits are usually imposed by ...
A. the equilibrium price is above the price ceiling. B. the equilibrium price is below the price ceiling. C. it has no legal enforcement mechanism. D. people are finding a way to circumvent the law. 相关知识点: 试题来源: 解析 B 反馈...