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xC Search Q&A; I Chegg.comx Regina , ECC x . ca/ibiscms/mod/ibis/view.php?id-194439 5/31/2016 11:00 PM 81.5/100 5/28/2016 05:27 PM uestion 16 of 18 Suppose that the city of Lethbridge decrees that all restaurants located within a 15 mile radius of the University of Lethbridge can otaeto shan sia meal sno tha college students can eat out economicaly. Which sizes and quality at the finest dining establishments at Lethbridge wll decrease thet the folowing is NOT a likely result of tris price ceiling? no more than $1 a meal so that college students can eat out economically. Which The portion sizes and quality at the fest diring establishments at Lethbridge wil decrease Sme restaurants wil choose to secretly sel meals at S5 each toconarners who are willing to pay this higher price. O People will waste time standing outside long lines to camp for food O demanded at a price of $1 per meals. There will be food surpluses at many of the restaurants as quantity supplied exceeds quantity t city of Halifax decrees that all restaurants located within a 15 mile radius of the U a 15 mile radius of Suppose that the city of Halifax decrees that all restaurants located within Halilax must charge at least S10 a meal so that college students can become more refined in their dining. What is a likely resulit of this price floor? There woll be a surplys of food at many of the restaurants as quanity demanded exceeds quantty There will be a surplus of food at many of supplied at a price of $10 per meal. Fewer meals will be sold than if Halifax had established a price ceiling Some restaurants like Le Cordon Bleu will create rustic chicken and imported cheese paninis at cheese specials The price floor will make restaurants more efficient by limiting their menu to just the demands of O Fewer meals will be sold than if Halifax O $10 a sandwich to satisfy O students, which results in less food waste O Prvnous 9 Check Answer ) Neri 8 Ex8-- about us careers partners privacy poäicy terms of use contact us h ngExplanation / Answer
1. The correct answer is option D: There will be food surpluses at many of the restaurants as quantity supplied exceeds quantity demanded at a price of $1 per meals
2. The correct answer is option C: Some restaurants like Le Cordon Bleu will create rustic chicken and imported cheese paninis at $10 a sandwich to satisfy the refined demands of college students instead of its old $5 ham and cheese specials.
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