Question

An effective price ceiling on food increases economic efficiency. True or False? Group of answer choices...

An effective price ceiling on food increases economic efficiency. True or False?

Group of answer choices

No answer text provided.

False

True

No answer text provided.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #2

The price ceiling is nothing but a cap of the prices that can be charged for a product by regulators or the government. Both the price floor and price ceiling leads to a deadweight loss in the absence of externalities. Both the price floor and price ceiling lead to the market quantity which is different from what would occur in equilibrium.

Thus, An effective price ceiling on food will not increase the economic efficiency rather lead to an economic output which is lesser than the effective output.

Thus, the given statement is False.

answered by: anonymous
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In general, what is a price ceiling? Group of answer choices A price ceiling sets the...
In general, what is a price ceiling? Group of answer choices A price ceiling sets the maximum price at which a good can be legally sold. A price ceiling sets the minimum price at which a good can be legally sold. A price ceiling comes in the form of a minimum wage none of the above Flag this Question Question 21 pts In general, what is a price floor? Group of answer choices A price floor sets the maximum price...
Technical efficiency: Group of answer choices means the same thing as economic efficiency has nothing to...
Technical efficiency: Group of answer choices means the same thing as economic efficiency has nothing to do with labor intensive inputs is that method that produces a given level of output at the lowest possible cost means that as few inputs as possible are used to produce a given output
The liver and kidneys are major sites of gluconeogenesis. Group of answer choices True False Flag...
The liver and kidneys are major sites of gluconeogenesis. Group of answer choices True False Flag this Question Question 391 pts The LDH isozyme in heart tissue can be allosterically inhibited by high concentrations of pyruvate. Group of answer choices True False Flag this Question Question 401 pts Glycogen in skeletal muscle serves as a reservoir of blood glucose. Group of answer choices True False Flag this Question Question 411 pts Glycogen synthase is nearly inactive when it is phosphorylated....
Productive efficiency is achieved at any point inside the production possibility curve. Group of answer choices...
Productive efficiency is achieved at any point inside the production possibility curve. Group of answer choices True False
True or false: Endotoxins are less potent than exotoxins. Group of answer choices A. True B....
True or false: Endotoxins are less potent than exotoxins. Group of answer choices A. True B. False
Fatty acid biosynthesis involves: malonic acid. Group of answer choices True False Flag this Question Question...
Fatty acid biosynthesis involves: malonic acid. Group of answer choices True False Flag this Question Question 1211 pts Fatty acid biosynthesis involves: malonyl CoA. Group of answer choices True False Flag this Question Question 1221 pts Fatty acid biosynthesis involves: acyl carrier protein. Group of answer choices True False Flag this Question Question 1231 pts Fatty acid biosynthesis involves: coenzyme A. Group of answer choices True False Flag this Question Question 1241 pts Fatty acid biosynthesis involves: sulfhydryl groups. Group...
Benjamin Franklin’s kite was struck by lightning. Group of answer choices True False
Benjamin Franklin’s kite was struck by lightning. Group of answer choices True False
The LRAS represents the production possibility frontier. Group of answer choices True False
The LRAS represents the production possibility frontier. Group of answer choices True False
100% of DNA is needed to encode for proteins. Group of answer choices True False
100% of DNA is needed to encode for proteins. Group of answer choices True False
15. If price increases above the equilibrium, Group of answer choices a surplus will develop. a...
15. If price increases above the equilibrium, Group of answer choices a surplus will develop. a shortage will develop. supply will shift. demand will decrease. 16. If a surplus develops in a market, Group of answer choices price will fall to equilibrium. price will increase to equilibrium supply will shift. The Yankees suck but how about dem Giants.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT