012. Market equilibrium may not be achieved if there is A) only price ceiling. B) only price floor. C) both price floor and price ceiling. C) neither price ceiling nor price floor. 013. The price floor is set_ equilibrium price. A) none of the above. B) higher than. C) lower than. D) equal to. the 014. An increase in population tends to A) increase both equilibrium price and quantity.
012. Market equilibrium may not be achieved if there is A) only price ceiling. B) only price floor. C) both price floor and price ceiling. C) neither price ceiling nor price floor. 013. The price floor is set_ equilibrium price. A) none of the above. B) higher than. C) lower than. D) equal to. the 014. An increase in population tends to A) increase both equilibrium price and quantity.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter8: Understanding Markets And Industry Changes
Section: Chapter Questions
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