Weegy: Suppose shoe sellers charge $200 for the latest pair of boots, but the equilibrium price is only $130. This means that there will be an excess supply in the boot market. (More)

Weegy: In a market without price controls, market pressures push prices toward EQUILIBRIUM. User: In an economy with equilibrium prices and quantities, producers are using their resources in a(n) _____ way. Weegy: In an economy with equilibrium prices and quantities, producers are using their resources in an efficient way. User: Suppose you own an apartment and the government sets a price control on the monthly amount you can charge a person to live there. This price control is an example of _____. Weegy: Suppose you own an apartment and the government sets a price control on the monthly amount you can charge a person to live there. This price control is an example of: Rent control. User: Supporters of minimum wage believe that it provides more _____ to people with low-paying jobs. Weegy: Supporters of minimum wage state that it provides more money to people with low-paying jobs. User: Opponents of rent control believe that it causes a housing _____. Weegy: Opponents of rent control believe that it causes a housing shortage. User: Suppose you produce a camera that costs $50 to make. At a selling price of $45, you will _____. (More)

Weegy: Ra l pays $150 for an airline ticket. Dionne pays $300 for a ticket on the same flight. This is an example of price discrimination. [ ] User: Joan works in a clothing store. She earns a salary plus 10 percent of her sales revenue. This extra money that is expressed as a percentage of her sales revenue is called _____. Weegy: The extra money that is expressed as a percentage of her sales revenue is called COMMISSION. User: Producers _____ wages to workers, who use them to _____ goods and services. Weegy: Producers "give" wages to workers, who use them to "make" goods and services. User: The government has _____ that prevent anti-competitive behavior in the marketplace and increase competition. (More)