If a price floor is not binding, then it will have no effect on the market.ANS: T DIF: 2 REF: 6-1NAT: Analytic LOC: Supply and demand TOP: Price floorsMSC: Interpretive 相关知识点: 试题来源: 解析 T 价格下限是政府设定的最低价格。当
a price floor is imposed when the economic activity slows down, and the supply of certain products is low, resulting in an increase in prices at levels that consumers cannot handle.
解析 错误 价格上限(price ceiling)是政府设定的允许出售某种商品或服务的最高价格,而非最低价格。题目中将价格 ceiling 错误地定义为法定最低价格(legal minimum),而正确的定义为legal maximum(法定最高价)。因此该陈述错误。价格下限(price floor)才是法律允许的最低价格。例如,最低工资属于价格下限的应用。
A price floor is a control placed on a good, service, or commodity to stop its price from falling below a certain limit. Therefore, a price floor is the lowest legal price a good, service, or commodity can sell for in the market. One of the best-known examples of a price floor is ...
Price Floor: A price floor is a price which is set by the government above the equilibrium to prevent the price from falling too low. For example, minimum wage, minimum support price are the most common price floors which are used by the government ...
Price Floor: Price floor is a price control policy that indicates the lowest price an item or a service can be sold in the market. For a price floor to be effective, it should be higher than its equilibrium price. Some of the benefits of price floor include; they promote fairness in th...
When a binding price floor is imposed on a market for a good, some people who want to sell the good cannot do so.ANS: T DIF: 2 REF: 6-1NAT: Analytic LOC: Supply and demand TOP: Price floors | SurplusesMSC: Interpretive 相关知识点: ...
12.A price floor is binding if it is a.higher than the equilibrium market price. b.lower than the equilibrium market price. c.equal to the equilibrium market price. d.set by the government. ANSWER: a.higher than the equilibrium market price. TYPE: M SECTION: 1 DIFFICULTY: 2 13.In the...
A price floor is a government limit on the lowest sales price of a good. The main pros and cons of implementing a price floor are...
equilibrium price and causes a shortage.ANS:B PTS: 1 DIF: 2 REF: 6-1TOP: Price floors | Surpluses MSC: Interpretive 相关知识点: 试题来源: 解析 B 价格下限是政府设定的最低价格,只有当其高于均衡价格时才具有约束力。约束性价格下限导致供给量超过需求量,形成过剩(surplus)。 逐项分析: - **a....