britann4308 britann4308
  • 04-01-2020
  • Mathematics
contestada

A price fixed above equilibrium that change the incentives that both buyers and sellers face is called price

Respuesta :

akivieobukomena akivieobukomena
  • 04-01-2020

Answer:

floor

Step-by-step explanation:

price floor is a situation when the price changed is greater or leave than the equilibrium price determined by the force of demand and supply. For a price floor to be effective, the minimum price has to be higher than the equilibrium price. It must be set above the equilibrium price. The opposite of price floor is price ceiling.

Answer Link

Otras preguntas

How do you know when to use L'hospital's rule?
An experiment consists of rolling two fair number cubes. What is the probability that the sum of the two numbers will be 8? Express your answer as a fraction in
how do you solve 4a/b divided by 2ac/b
Tasha believes that she can rewrite the difference 120 - 36 as a product of the GCF of the 2 numbers and another difference. Is she correct?
How do you know when to use L'hospital's rule?
1.133 g of silver nitrate was heated in an open tube. The silver residue weighed 0.720 g. During the reaction 0.307 g of nitrogen dioxide was also produced. Th
which property you used.64+58=                    +64
The most commonly spoken language in the Fertile Crescent around the time of Jesus was
Who were the British allies and how did they help them to win so many battles in the American Revolutionary
What is the coefficient of x in the expression x-2? Explain your reasoning.