题目内容

If the equilibrium price of bread is 2 dollars and the government imposes a 1.50 dollars price ceiling on the price of bread, ( )

A. more bread will be produced to meet the increased demand.
B. there will be a shortage of bread.
C. the demand for bread will decrease because suppliers will reduce their supply.
D. a surplus of bread will emerge.

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The price of a good rises from 8 dollars to 12 dollars, and the quantity demanded falls from 110 to 90 units. Calculated with the midpoint method, the elasticity is ( )

A. 1/5.
B. 1/2.
C. 2.
D. 5.

A monopolist that practices perfect price discrimination creates no deadweight loss. ( )

When a market is in equilibrium, the buyers are those with the highest willingness to pay and the sellers are those with the lowest costs. ( )

When a market is in equilibrium, quantity demanded will equal quantity supplied. ( )

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