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Unformatted text preview: 7. If Price floor = 4, Q Exchanged = _________ and the floor is said to be ________ 8. If this market has no price controls, the largest quantity exchanged is the 9. equilibrium quantity (T/F) If this market has either an effective price ceiling or price floor, 10. the quantity exchanged is always less than the equilibrium quantity (T/F) If P = 4, this good is not scarce (T/F). 11. d:\econ202\CS\CS 3 D&S Problem 07/25/08...
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This note was uploaded on 02/13/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.
- Spring '08