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How do price changes drive markets toward equilibrium? A. They set new price floors and ceilings. B. They increase or decrease supply or demand. C. They ensure that prices are fair. D. They prevent inflation or deflation.
Weegy: It affects B the most. User: A writer should avoid plagiarism because she may A. be banned from writing any more works. B. be tried as a criminal. C. be sued for fraud. D. have to make a public apology. Weegy: C. be sued for fraud User: When quantity demanded in a market is more than the quantity supplied, _____ occurs. A. a surplus B. an equilibrium C. a shortage D. a production possibility User: How might a firm ... (More)
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Asked 11/7/2012 9:06:21 PM
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A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field D. price ceiling
Weegy: B. price floor (More)
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Asked 11/7/2012 9:51:32 PM
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Big Road Inc., a private company, is hired to build and run a state’s entire road system. The company charges high fees to use its roads. It maintains the roads only in heavily populated areas. Which of the following describes this project? A. positive externality B. public good C. market failure D. negative externality
Weegy: C. is correct answer, It is a monopoly, therefore market failure. User: Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. C. They allow governments to control most economic decisions. D. They prevent consumers from making economic decisions. Weegy: B. They allow government to make some ... (More)
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Asked 11/7/2012 9:40:04 PM
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What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays the same. D. The price goes up, and then goes down.
Weegy: When a supply decreases, the equilibrium price increases. More information on this topic can be found here (More)
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Asked 11/7/2012 9:53:07 PM
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