Suppose that the government sets a maximum price for insulin below the equilibrium price:
举一反三
- If the government sets a minimum price for gasoline below the equilibrium price:
- If the government imposes a maximum price for milk that is above the equilibrium price:
- If the government sets a minimum price above the equilibrium price for soybeans. which of the following statements will be correct？
- A price below the equilibrium price results in ____ A: a surplus B: a further price fall C: excess supply D: a shortage
- Which of the following would occur if a single farm in perfect competition lowered its price below the long-run equilibrium market price?