Economics classes want students to be able to recognize the difference between binding and non binding price ceilings. Consider the example of a price ceiling for apartments in New York. If the equilibrium price is $2,000 per month, and the government sets a price ceiling of $3,000 per mon...
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,...
In a market with a binding price ceiling, an increase in the ceiling will ___ the quantity supplied, ___ the quantity demanded, and reduce A. e ___. B. increase, decrease, surplus C. decrease, increase, surplus D. increase, decrease, shortage E. decrease, increase, shortage 相关知识...
A. The shortage (缺乏) created by the price ceiling is greater in the short run than in the long run. B. The surplus (剩余) created by the price ceiling is greater in the short run than in the long run. C. The surplus created by the price ceiling is greater in the long run than...
apriceceilingisbindingwhenitisset：价格上限是结合时,它是集
Price Ceiling & Floor | Definition, Differences & Graphs from Chapter 2 / Lesson 8 68K Discover the definition of price ceiling and price floor in microeconomics, understand the difference between the two price controls, and explore examples and graphs of price ceiling...
1.Apriceceilingisbindingwhenitisset a.abovetheequilibriumprice,causingashortage. b.abovetheequilibriumprice,causingasurplus. c.belowtheequilibriumprice,causingashortage. d.belowtheequilibriumprice,causingasurplus. 2.When,inaparticularmarket,thelawofdemandandthelawofsupplybothapply,theimposition ...
Apriceceilingisbindingwhenitisset? below;the;equilibrium;price,;causing;a;surplus.above;the;equilibrium;price,;causing;a;shortage.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;shor...
The price ceiling is not binding if set above the equilibrium price.The price ceiling is binding if set below the equilibrium price,leading to a shortage. 相关知识点: 试题来源: 解析 价格上限是不具有约束力,如果上述规定的均衡价格.价格上限是有约束力的,如果设置低于均衡价格,导致短缺. ...
If a price ceiling is not binding, thenA.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.None of the above is correct because all price ceilings must be binding