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A government-imposed maximum price will have no economic impact if
选项：

A:it is above the equilibrium price.
B:there is a fixed supply of the good.
C:it is below the equilibrium price.
D:it is at or below the equilibrium price.

发布时间：2024-05-09 00:09:49

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1.If the quantity demanded exceeds the quantity supplied, then there is 选项： A、a shortage and the price is below the equilibrium price. B、a shortage and the price is above the equilibrium price. C、a surplus and the price is below the equilibrium price. D、a surplus and the price is above the equilibrium price.
2.If the quantity supplied exceeds the quantity demanded, then there is 选项： A、a shortage and the price is below the equilibrium price. B、a shortage and the price is above the equilibrium price. C、a surplus and the price is below the equilibrium price. D、a surplus and the price is above the equilibrium price.
3. If the government establishes a legal price floor for a good, the result will be a(n)选项： A: shortage of the good, but only if the floor is equal to the equilibrium price.; B: surplus of the good, but only if the floor is above the equilibrium price.; C:surplus of the good, but only if the floor is below the equilibrium price.; D:shortage of the good, but only if the floor is above the equilibrium price.
4. If the government establishes a legal price floor for a good, the result will be a(n)选项： A: shortage of the good, but only if the floor is equal to the equilibrium price.; B:surplus of the good, but only if the floor is above the equilibrium price.; C:surplus of the good, but only if the floor is below the equilibrium price.; D:shortage of the good, but only if the floor is above the equilibrium price.
5.A shortage exists in a market if选项： A:A、there is an excess supply of the good. ; B:B、quantity supplied exceeds quantity demanded. ; C:C、the current price is below its equilibrium price.; D:D、All of the above are correct.
6.A legal minimum price is set which is below the equilibrium price. What will be the impact of this?选项： A:Excess of demand over supply; B:Excess of supply over demand; C:Excess of demand over supply; D:Nothing
7.Which of the following statements is correct?选项： A:a. A price ceiling is not binding when the price ceiling is set above the equilibrium price.; B:b. A price floor is not binding when the price floor is set below the equilibrium price.; C:c. A binding price ceiling causes a shortage and a binding price floor causes a surplus.; D:d. All of the above are correct.
8. As long as the supply curve for a good is upward sloping and the demand curve is downward sloping, a sales tax imposed on sellers shifts the supply curve 选项： A、 leftward and definitely raises the equilibrium price. B、 leftward and possibly raises the equilibrium price. C、 rightward and possibly increases the equilibrium quantity. D、 rightward and definitely decreases the equilibrium quantity.
9. A shortage exists in a market if (). 选项： A、 there is an excess supply of the good. B、 the situation is such that the law of supply and demand would predict a decrease in the price of the good from its current level. C、 the current price is below its equilibrium price. D、 quantity supplied exceeds quantity demanded.
10.In a free market, if the price of a good is below the equilibrium price, then;选项： A:suppliers, dissatisfied with growing inventories, will lower the price.; B:demanders, to acquire the good, will bid the price higher.; C:government needs to set a higher price.; D:suppliers, dissatisfied with growing inventories, will raise the price.
11.Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk? 选项： A、an increase in equilibrium quantity B、a decrease in equilibrium quantity C、a decrease in equilibrium price D、an increase in equilibrium price.
12.A price floor policy establishes a minimum price for a market, and the policy is said to be binding if the market equilibrium price is less than the floor price. What impact does a binding price floor have on the market outcome? 选项： A:Excess supply B:Excess demand C:Shortage D:No impact, and the market price and quantity equal their equilibrium values
13.If, at the current price, there is a shortage of a good, then选项： A:sellers are producing more than buyers wish to buy.; B:the market must be in equilibrium.; C:the price is below the equilibrium price.; D:quantity demanded equals quantity supplied.
14.You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo:选项： A:is a normal good.; B:is below its equilibrium price.; C:is an inferior good.; D:has inelastic demand.
15.In equilibrium value theory, value refers to the price when the market supply quantity is equal to the market demand quantity--- equilibrium price.选项： A:正确; B:错误
16.The benefit to buyers of participating in a market is measured by选项： A:the price elasticity of demand.; B:consumer surplus.; C:the maximum amount that buyers are willing to pay for the good.; D:the equilibrium price.
17.A price ceiling is binding when it is set 选项： A:above the equilibrium price, causing a shortage.; B:above the equilibrium price, causing a surplus.; C:below the equilibrium price, causing a shortage.; D:below the equilibrium price, causing a surplus.
18.The benefit to buyers of participating in a market is measured by A: the price elasticity of demand. B: consumer surplus. C: the maximum amount that buyers are willing to pay for the good. D: the equilibrium price.
19. A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate. 选项： A、 ceiling; above B、 ceiling; below C、 floor; above D、 floor; below
20. A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate. A: ceiling; above B: ceiling; below C: floor; above D: floor; below
21.A price ceiling (价格上限) is binding when it is set 选项： A:below the equilibrium price, causing a shortage.; B:above the equilibrium price, causing a shortage.; C:above the equilibrium price, causing a surplus.; D:below the equilibrium price, causing a surplus.
22.A price that is higher than the equilibrium price ( ) 选项： A、The producer cannot recover the production cost at this price. B、At this price, the quantity supplied is greater than the quantity
demanded. C、Consumers are willing to purchase all products at this price. D、Demand is greater than supply at this price.
23.Price ceilings above the equilibrium price result in选项： A:market prices above the equilibrium price.; B:a market unable to reach Pareto Efficiency; C:a market that is able to reach Pareto Efficiency; D:wealth redistribution to benefit the poor
24. If the government imposes a maximum price for milk that is above the equilibrium price: A: this maximum price for milk will have no economic impact. B: quantity demanded of milk will be less than quantity supplied. C: demand for milk will be greater than supply. D: the available milk supply will have to be rationed.
25.A price ceiling, such as a rent ceiling, 选项： A、always results in a surplus. B、always results in a shortage. C、results in a surplus if the ceiling price is less than the equilibrium price. D、results in a shortage if the ceiling price is less than the equilibrium price.
26.A price floor is binding if it选项： A:a. is set lower than the equilibrium market price.; B:b. results in an observed price that is the same as the equilibrium price.; C:c. leads to a surplus.; D:d. is strictly enforced by the government.

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A government-imposed maximum price will have no economic impact if 选项： A:it is above the equilibrium price. B:there is a fixed supply of the good. C:it is below the equilibrium price. D:it is at or below the equilibrium price.

A government-imposed maximum price will have no economic impact if
选项：

A:it is above the equilibrium price.
B:there is a fixed supply of the good.
C:it is below the equilibrium price.
D:it is at or below the equilibrium price.