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When the government sets a price floor on earnings, it is called which of the following? (1 point) market equilibrium rate base-level wage minimum wage employment guarantee

Weegy: C) minimum Wage. (More)

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Education|No Subcategories|Expert Answered

Asked 9/17/2012 12:17:31 PM

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How do future expectations about the price of a good affect the present supply? (1 point) If the price is expected to increase, many producers will hold onto their supply. If the price is expected to decrease, many producers will hold onto their supply. If the price of a related good is expected to increase, only a few sellers will hold onto their supply until the increase occurs. If the price is expected to increase and then decrease, most sellers will hold onto their supply until the ...

Weegy: Fewer goods are bought. When prices rise consumption usually goes down. Actual disposable income decreases even though your salary might remain the same. (More)

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Education|No Subcategories|Expert Answered

Asked 9/17/2012 12:11:50 PM

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