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Q: Which of the following is an effect of the government instituting a price ceiling of $2.00 a gallon on gasoline? a. quantity demanded will be more than the quantity supplied. c. quantity supplied
will be more than quantity demanded. b. quantity demanded will remain the same. d. quantity supplied will remain the same.
A: a. quantity demanded will be more than the quantity supplied.
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Original conversation
User: Study the graph showing the equilibrium point for a pizzeria. Which of the following can be said about the equilibrium price and the equilibrium quantity?

User: the point at which quantity supplied and quantity demanded are the same

User: a maximum amount that can be legally charged for a good or service

User: does Equilibrium occurs when the quantity supplied exceeds the quantity demanded.

User: Equilibrium occurs when the quantity supplied exceeds the quantity demanded true or false?

User: Disequilibrium occurs when the quantity supplied and quantity demanded are not the same in a market true or false?

User: Which of the following is an effect of the government instituting a price ceiling of $2.00 a gallon on gasoline? a. quantity demanded will be more than the quantity supplied. c. quantity supplied will be more than quantity demanded. b. quantity demanded will remain the same. d. quantity supplied will remain the same.

Weegy: a. quantity demanded will be more than the quantity supplied.
Fanboy|Points 2821|

User: Equilibrium is defined as: a. marginal cost equals marginal revenue. c. any point along the production possibilities curve. b. excess supply equals excess demand. d. quantity demanded equals quantity supplied.

User: the point at which quantity supplied and quantity demanded are the same

User: when quantity supplied is more than quantity demanded

User: What happens when the supply of a nonperishable good is greater than the consumer wants to buy? a. the good is discarded b. the good becomes a luxury and the price rises c. either the good remains unsold or the price drops d. either the good is saved for later sale or the price is raised

Weegy: The good becomes a luxury and the price rises when the supply of a nonperishable good is greater than the consumer wants to buy.
wisbest|Points 2613|

User: Technological process has reduced the cost of manufacturing MP3 players. If demand is unchanged, a. more MP3 players will be sold at a higher price. b. fewer MP3 players will be sold at a higher price. c. more MP3 players will be sold at a lower price. d. fewer MP3 players will be sold at a lower price.

Weegy: C. More MP3 players will be sold at a lower price.
danielleb|Points 10|

User: Elena is looking for an apartment. Which of the following is an example of her search costs? a. Elena must pay the first and last months’ rent before she can move into a new apartment. b. Elena pays movers $400 to help her transfer her belongings to the new apartment. c. Elena misses two days of work at the supermarket to visit several different apartments available for rent. d. Elena pays $300 to stay at a hotel for four nights before the apartment is ready.

Weegy: C. Elena misses two days of work at the supermarket to visit several different apartments available for rent.
jeifunk|Points 9995|

User: Which word can be used twice to BEST complete this sentence? When supply ____, prices fall, and quantity demanded ____ to reach a new equilibrium. a. increases c. levels b. decreases d. reverses

Weegy: When supply increases , prices fall, and quantity demanded increases to reach a new equilibrium.
jeifunk|Points 9995|

User: The economic impact of a holiday fad is illustrated by a. a negative result on the change in demand graph. b. a flattening of the demand curve. c. a sharp drop in the marginal product demand ratio. d. a rapid shift to the right in a market demand curve.

Weegy: The economic impact of a holiday fad is illustrated by d. a rapid shift to the right in a market demand curve
cjabward|Points 720|

User: true or false The intersection of a demand curve and a supply curve is equilibrium.

User: Equilibrium is when the quantity demanded is no longer equal to the quantity supplied.

User: If the current equilibrium price for a bushel of corn is $50.00, what happens to the equilibrium price of corn if import restrictions on corn are lifted? a. remains the same c. it decreases b. it increases d. quantity of corn decreases

Weegy: If the current equilibrium price for a bushel of corn is $50.00, lower corn costs is what happens when the equilibrium price of corn if import restrictions on corn are lifted. [ My search session found that there is more potential trade as domestic corn prices are lower. ]
emdjay23|Points 1741|

User: when quantity supplied is more than quantity demanded

User: true or false Factors that can effect prices could include advances in technology, changes in prices of raw materials or new government taxes

User: Why do fads often lead to shortages, at least in the short term? a. Buyers and sellers are unable to agree on a price for the good. b. Laws prevent stores from responding to excess demand in time to prevent a shortage. c. Manufacturers charge extremely high prices for the goods that stores are unwilling to pay. d. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to increase to reach a new equilibrium point

Weegy: The answer is D. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to increase to reach a new equilibrium point . Hope this helps.
thederby|Points 1530|

User: Why did the U.S. government use rationing for some foods and consumer goods during World War II? a. to guarantee each civilian a minimum standard of living in wartime b. to keep sellers from raising prices on necessary goods c. because the English government had also decided on rationing d. to earn more money to support the military

Weegy: U.S. government use rationing for some foods and consumer goods during World War II A. to guarantee each civilian a minimum standard of living in wartime .
OxTornado007|Points 6879|

User: What is it called when the government uses some tool other than money to allocate goods? a. supply management c. disequilibrium b. rationing d. resource allocation

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Asked 6/22/2013 7:11:20 PM
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