subject
Social Studies, 19.10.2020 14:01 gabflips7267

When a certain price control is imposed on this market, the resulting quantity of the good that is actually bought and sold is such that buyers are willing and able to pay a maximum of P 1 dollars per unit for that quantity and sellers are willing and able to accept a minimum of P 2 dollars per unit for that quantity. If P 1 − P 2 = $3, then the price control is a. only a price ceiling of $3.00. b. only a price ceiling of $6.00. c. only a price floor of $6.00. d. either a price ceiling of $3.00 or a price floor of $6.00.

ansver
Answers: 1

Another question on Social Studies

question
Social Studies, 22.06.2019 09:40
Compared with the executive and legislative branches
Answers: 1
question
Social Studies, 23.06.2019 01:30
Which of the following is considered a push factory a.available jobs b. unfair treatment c. religious freedom d.affordable land
Answers: 1
question
Social Studies, 23.06.2019 05:30
Sociologists found that the effects of institutionalization on infants, i.e. lack of a caring environment, will result in slower development of their mental, physical, and emotional skills. true or false? ?
Answers: 1
question
Social Studies, 23.06.2019 13:00
As a child ages, the importance of their peer group as an agent of socialization does which of the following? ✓increases decreases remains the same none of the above
Answers: 1
You know the right answer?
When a certain price control is imposed on this market, the resulting quantity of the good that is a...
Questions
question
Mathematics, 30.08.2019 23:00