When a market is not in equilibrium: A.it will simply stay in a state of disequilibrium. B.firms will increase contributions to political action committees. C.government intervention is required to achieve equilibrium. D.the economic motives of sellers and buyers will move the ma … 阅读详情>> "When a market is not in equilibrium:"

You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that: A.there is an excess supply of teachers. B.the wage for teachers at those schools is lower than the equilibrium wage. C.th … 阅读详情>> "You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that:"

Suppose you notice that more and more people are driving gas-guzzling cars. Since you drive an economy car, their increased demand for gas: A.causes the price you pay for gas to increase. B.does not affect you. C.causes companies to charge a lower price, thus benefiting you. D.do … 阅读详情>> "Suppose you notice that more and more people are driving gas-guzzling cars. Since you drive an economy car, their increased demand for gas:"

Refer to the figure above. When this market is in equilibrium: A.the price is $25, and the quantity that will be sold is 5. B.the price is $30, and the quantity that will be sold is 15. C.the price is $25, and the quantity that will be sold is 20. D.the price is $35, and the quan … 阅读详情>> "Refer to the figure above. When this market is in equilibrium:"

Refer to the figure above. At a price of $20: A.the market would be in equilibrium. B.there would be excess supply of approximately 25 units. C.there would be excess demand, but it is impossible to know by how much. D.there would be excess demand of approximately 25 units. 正确答案：t … 阅读详情>> "Refer to the figure above. At a price of $20:"

Refer to the figure above. Suppose all the sellers in this market started out charging a price of $45 per unit. What is the most likely result? A.They would all just break even because $45 is their reservation price. B.They would all make a large profit because $45 is more than t … 阅读详情>> "Refer to the figure above. Suppose all the sellers in this market started out charging a price of $45 per unit. What is the most likely result?"

Refer to the figure above. Now suppose that the government imposes a price ceiling of $40. What is the most likely result? A.There would be no change in the price. B.An underground, or black, market would emerge where this product would be sold at a price above $40. C.Many seller … 阅读详情>> "Refer to the figure above. Now suppose that the government imposes a price ceiling of $40. What is the most likely result?"

The tendency of markets to automatically gravitate toward equilibrium is an application of which core principle? A.The Incentive Principle B.The Scarcity Principle C.The Principle of Comparative Advantage D.The Cost-Benefit Principle 正确答案：The Incentive Principle

Which of the following is NOT a characteristic of governmental rent controls? A.Fewer newly built apartment buildings. B.Excess demand for apartments. C.Very low vacancy rates. D.Equitable distribution of apartments. 正确答案：Equitable distribution of apartments.

Minimum wage laws are an example of: A.mandated equilibrium wages. B.comparative advantage for unskilled workers. C.a regulated price. D.a price ceiling. 正确答案：a regulated price.

Suppose one knows two facts: first, the market for prescription drugs experiences chronic shortages and second, government sets the price for prescription drugs. One can conclude that the: A.buyers are hoarding prescription drugs. B.government has set the price below the equilibr … 阅读详情>> "Suppose one knows two facts: first, the market for prescription drugs experiences chronic shortages and second, government sets the price for prescription drugs. One can conclude that the:"

A regulated maximum price that is above the equilibrium price: A.will lead to excess supply in the market. B.will have no effect on the market. C.will lead to black markets. D.will lead to excess demand in the market. 正确答案：will have no effect on the market.