Which of the following will occur if the government institutes an effective price ceiling on strawberries?
a. there will be a decrease in demand for and an increase in supply of strawberries.
b. there will be a decrease in supply of strawberries.
c. the quantity supplied of strawberries will decrease.
d. there will be a decrease in demand for strawberries.
e. the quantity demanded for strawberries will decrease.

Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.

what is your question? 1 high schoolbusiness 5 points imagine that you have won $100 in the state lottery. you have a choice between spending the money on shopping now or putting it away in a savings account for one year. you decide to spend the money now on shopping. thus, you will lose the interest that you could have earned by saving the money. the lost interest is cost of spending money now.

Airline companies are interested in the consistency of the number of babies on each flight, so that they have adequate safety equipment. suppose an airline conducts a survey. over weekend, it surveys 6 flights from boston to salt lake city to determine the number of babies on the flights. it determines the amount of safety equipment needed by the result of that study.