Government imposed price controls often lead

Assignment Help Business Economics
Reference no: EM13737844

Government imposed price controls often lead to

A) Illegal trades of the good.

B) the most efficient use of resources.

C) the equilibrium solution in terms of price and quantity.

D) maximization of profits.

Reference no: EM13737844

Questions Cloud

A linear demand curve : A linear demand curve:
What will be the growth in demand for rental units : Suppose that the annual growth in real income in Japan is expected to be between 2 and 3 percent and that income elasticity of demand for housing in Tokyo is estimated to be between 0.8 and 1.0 for rental units and between 0.7 and 1.5 for owner-occup..
Consumers care only about the goods that they own : Suppose that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each othe..
Marginal cost to the club of a round of golf : A country club knows that each of its customers has a demand curve for golf rounds of q = 500 – p, where q is the number of rounds bought in a year and p is the price per round of golf. Furthermore, because it is so exclusive and there are not many m..
Government imposed price controls often lead : Government imposed price controls often lead to
Describe the extent of economic integration : Describe the extent of economic integration, specifically mentioning the country’s membership(s) within regional trade agreements and the benefits they bring to the country.
What two oligopoly models might offer an explanation : When an automaker begins offering low cost financing or rebates, others tend to do the same. What two oligopoly models might offer an explanation of this behavior? Fast-food restaurants tend to cluster together. That is, on one corner, there might be..
Command-and-control environmental laws : In the U.S., the command-and-control environmental laws of the early 1970s, together with the ensuing amendments and updates that have been made to them over time,
The average total cost curve must be rising : The Average Total Cost curve must be rising. The Average Total Cost curve must be below the Marginal Cost curve. The Average Total Cost curve must be above the Marginal Cost curve.

Reviews

Write a Review

Business Economics Questions & Answers

  David also ellen live in rent-controlled apartments

If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.

  Illustrate what products or services that made by company

Explain how much and why. This could include things such as mergers, innovative marketing, etc. Illustrate what products and/or services that made by this company.

  Q the road runner club contributes money to senator slys

q. the road runner club contributes money to senator slys reelection campaign fund and senator sly helps pass

  Price elasticity of demand

If price elasticity of demand = -1.5 and price decreases by 10 percent, then

  Contraction monetary policy work in principle

How do the instruments of contraction monetary policy work in principle.

  How much is this account worth years

The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar.

  What will the resulting quantities demanded and supplied

A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?

  Q1 what are the overall keys to answer questions about how

q1. what are the overall keys to answer questions about how attaching more regulation would influence economic

  Describe the four successful round of venture financing

Describe the four successful round of venture financing (Through D) achieved by spatial Technology in terms of sources also amounts.

  When the law of diminishing returns takes effect

Indicate whether each of the following statements is true or false. Explain why. a. When the law of diminishing returns takes effect, a firm’s average product will start to decrease

  What monthly rate on interest is the loan company charging

the comnpany offered to pay his debts in one lump sum if he would pay the company $308.29 per month for the next 36 months. What monthly rate on interest is the loan company charging on his transaction?

  Why does the government need to get involved with external

In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What solutions need to be provided for your xamples?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd