really appreciate any help/explanation on these two.
Homework Answers
Be below equilibrium Price
A price ceiling or interest rate ceiling is imposed below market equilibrium to protect the consumers. If the interest rate equilibrium is 5% then the interest rate ceiling will be below 5% otherwise there is no use of it
False
Price supports or Price floors always lead to market inefficiencies. If there is a price floor that forbids the prices to go below it, will cause a decrease in demand and will create a surplus in the market.
A price floor is used to protect suppliers. while price ceiling which we say above is used to help consumers.
Add Answer to:
really appreciate any help/explanation on these two.
An interest rate ceiling if imposed on the loan...
Suppose that a price ceiling on interest rates is imposed at 25%. Which of the following...
Suppose that a price ceiling on interest rates is imposed at 25%. Which of the following is true? Select all that apply: If the equilibrium interest rate in the market is 20%, the price will effectively rise to the ceiling level of 25%. If the equilibrium interest rate in the market is 30%, the price will effectively be lowered to the ceiling level of 25%. If the equilibrium interest rate in the market is 35%, the price will remain at...
Suppose Price Control B is imposed as a price ceiling. Characterize the situation in the market...
Suppose Price Control B is imposed as a price ceiling. Characterize the situation in the market by selecting all of the correct responses below: Price (S) Price Control B is O A. a binding price ceiling. O B. a non-binding price ceiling. When Price Control B is imposed as a price ceiling. O A. the quantity sold in the market will be equal to the equilibrium quantity OB. the quantity sold in the market will be less than the equilibrium...
A price ceiling is a. often imposed on markets in which “cutthroat competition” would prevail without...
A price ceiling is a. often imposed on markets in which “cutthroat competition” would prevail without a price ceiling. b. a legal maximum on the price at which a good can be sold. c. often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price ceiling. d. All of the above are correct. Part B. In a given market, how are the equilibrium price and the...
I know it's a lot, but I would really really appreciate any help. It is my...
I know it's a lot, but I would really really appreciate any
help. It is my study guide and I am hoping with your help I can
manage to do good on the exam
7) A rock of mass m is tied to a string and spun in a vertical circle. When the rock is at the bottom the tension force is X. At the top, the rock is moving at the same speed, and the tension in the string...
True or False: A price ceiling below $25 per box is a binding price ceiling in this market.
2. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. In this market, the equilibrium price is $_______ per...
If a price ceiling is imposed below equiibrium in the market for apartments: a. it results...
If a price ceiling is imposed below equiibrium in the market for apartments: a. it results in a surplus of rental units in the near future. b. it acts as an incentive to landlords to invest more money in their property to attract more tenants c. it results in many rental units being poorly maintained. d. it reduces the amount of housing discrimination against minorities. it reduces the resulting shortage by allowing further pice reducins 23. Ifthe minimum wage for...
The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes.
2. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. In this market, the equilibrium price is _______ per...
2. Price controls in the Florida orange market The following graph shows the annual market for...
2. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. In this market, the equilibrium price is _______ per...
questions one and two 1. The interest rate effect, the real balance effect, and the foreign...
questions one and two
1. The interest rate effect, the real balance effect, and the foreign purchases effect suggest that the aggregate demand curve is downward sloping. True or false. A. True B. False 2. As the price level decreases, interest rates fall. Lower interest rates lead to increased household consumption. This is called the interest rate effect. True or false. A. True B. False
A rent ceiling set below the equilibrium rent ensures that landlords earn a reasonable rate of...
A rent ceiling set below the equilibrium rent ensures that landlords earn a reasonable rate of profit on apartments. creates a situation in which the quantity demanded of housing is greater than quantity supplied. ensures the availability of enough low-rent apartments in a city. results in all renters and potential renters being better off. 2 points QUESTION 13 In order to be effective, a price ceiling must lie below the free market equilibrium price. must lie above the free...
Suppose Price Control B is imposed as a price ceiling. Characterize the situation in the market by selecting all of the correct responses below: Price (S) Price Control B is O A. a binding price ceiling. O B. a non-binding price ceiling. When Price Control B is imposed as a price ceiling. O A. the quantity sold in the market will be equal to the equilibrium quantity OB. the quantity sold in the market will be less than the equilibrium...
I know it's a lot, but I would really really appreciate any
help. It is my study guide and I am hoping with your help I can
manage to do good on the exam
7) A rock of mass m is tied to a string and spun in a vertical circle. When the rock is at the bottom the tension force is X. At the top, the rock is moving at the same speed, and the tension in the string...
If a price ceiling is imposed below equiibrium in the market for apartments: a. it results in a surplus of rental units in the near future. b. it acts as an incentive to landlords to invest more money in their property to attract more tenants c. it results in many rental units being poorly maintained. d. it reduces the amount of housing discrimination against minorities. it reduces the resulting shortage by allowing further pice reducins 23. Ifthe minimum wage for...
questions one and two
1. The interest rate effect, the real balance effect, and the foreign purchases effect suggest that the aggregate demand curve is downward sloping. True or false. A. True B. False 2. As the price level decreases, interest rates fall. Lower interest rates lead to increased household consumption. This is called the interest rate effect. True or false. A. True B. False
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