13. Government intervention in the form of a binding price floor or a binding price ceiling will: A.Ensure that special interest groups are satisfied B.Ensure market efficiency C.Result in either excess supply or excess demand D.Automatically stabilize the market to achieve equilibrium more quickly
13.
Government intervention in the form of a binding
A.Ensure that special interest groups are satisfied
B.Ensure
C.Result in either excess
D.Automatically stabilize the market to achieve equilibrium more quickly
14. The St. Louis Symphony Orchestra wants to make sure that its concerts are affordable for all residents of and visitors to the city and therefore prices all of its tickets at $50. However, outside of Powell Hall, people can sell the same tickets for $200 or more. The true cost to the concertgoer of a ticket to the symphony is at least:
A.$200
B.$50
C.$250
D.$125
19. Which of these items is most likely to be a complement to coffee?
A.Yogurt
B.Coffee filters
C.Tea
D.Decaf coffee
22. Which factor would cause a supply curve to shift to the RIGHT?
A.A decrease in the price of a good
B.An increase in the price of a good
C.A decrease in the cost of an input used to produce a good
D.A decrease in the number of firms selling a good
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