Given the Supply and Demand graph 1 above... A price ceiling at $15 would result
ID: 1203883 • Letter: G
Question
Given the Supply and Demand graph 1 above...
A price ceiling at $15 would result in
None of the above
Given the Supply and Demand graph 1 above...
A price ceiling at $35 would result in
None of the above
Given the Supply and Demand graph 1 above...
A price floor at $35 would result in
None of the above
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the following:
a) An fall in population (of consumers)
b) A mysterious illness begins killing bees (but the honey itself is perfectly safe so consumers are not worried)
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the following:
a) An increase in the productivity of bees (more honey per beehive), and
b) A fall in consumer income
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the following:
a) An increase in the productivity of bees (more honey per beehive), and
b) A tax on the production of honey
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the following:
a) An increase in wages for workers on bee farms, and
b) A mysterious illness begins killing bees (but the honey itself is perfectly safe so consumers are not worried)
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the following:
a) An increase in wages for workers on bee farms, and
b) A study reveals that honey is very healthy
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures the imposition of an effective price ceiling on honey.
None of the above.
The above reflects the short-run supply and demand for honey... which is a normal good. Which graph best captures what happens after an effective price floor is placed on honey.
None of the above.
The above reflects the short-run supply and demand for jelly... which is a normal good. Which graph best captures the following:
a) The government taxes the production of jelly
b) Government begins to subsidize the production of peanut butter (peanut butter and jelly sandwiches are very popular)
None of the above.
The above reflects the short-run supply and demand for jelly... which is a normal good. Which graph best captures the following:
a) The price of peanut butter rises (peanut butter and jelly sandwiches are VERY popular)
b) Government begins to subsidize the production of jelly
None of the above.
13.
In the modules the basic point of the sections entitled "Mess with the market and the market will mess with you" is that:
Rent control is an effective way to help low-income families
14.
A minimum wage is a price floor on wages - we will more closely consider the issue at the end of the quarter. But we can already extend the discussion on price floors we read about to this one ... Politicians may like the idea of a minimum wage because:
They can be "for" higher wages but do not have to worry about the costs of program as they are pushed onto employers.
15. A rise in wages paid to workers in a pencil factory will result in:
a rise in the price which causes the pencil demand curve to shift to the left.
16. If both supply and demand rise then:
17. If the price of ice-cream falls what happens to the demand for ice-cream?
A. excess supply of 400 B. excess demand of 400 C. excess demand of 600 D. excess supply of 600 E.None of the above
Explanation / Answer
1. B. Excess Demand of 400
2. E None of the above
3. A. excess supply of 400
4. B. Graph 6
5. A. Graph 5
6. A. Graph 5
7. B. Graph 6
8. C Graph 7
9. C Graph 7
10 A. Graph 5
11. C Graph 7
12 A. Graph 5
13.A. Legal restrictions to force compliance with market forces make it costly to fight them
14. D.They can be "for" higher wages but do not have to worry about the costs of program as they are pushed onto employers
15 A. a fall in the pencil supply curve and therefore an increase in price and a fall in quantity demanded.
16. D. quantity will rise but the change in price can not be determined.
17 C. It rises
Ask quesions seprately.
It gets difficult to answer.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.