Will price ceiling always result in reduction in efficiency

Reference no: EM13689389

1. Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased?

2. Will a price ceiling always result in a reduction in efficiency?

3. Describe how if a price-fixing game is repeated over and over, the cooperative outcome might be attained.

4. When an electronics company advertises on the local newspaper a 10% discount coupon, is this an example of price discrimination? Why or why not?

5. How does the introduction of cognition into consumer’s choice between healthy and unhealthy food affect marginal utility per dollar and t the quantity of healthy and unhealthy food consumed? assume utility is maximized.

Reference no: EM13689389

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