【单选题】Suppose the price of chocolate chip cookies is $4.00 per pound and the price of a slice of cake is $2.00 per slice. The relative price of cookies in terms of cake is
【单选题】Suppose the price of chocolate chip cookies is $4.00 per pound and the price of a slice of cake is $2.00 per slice. The relative price of cake in terms of cookies is
【单选题】The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at a price of $0.40 per pound, then:
A.
. quantity demanded will decrease.
B.
. quantity supplied will increase.
C.
. there will be a shortage of the good.
D.
. the price ceiling will not affect the market price or output.
【单选题】The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price floor in the market at a price of $0.40 per pound, then:
A.
quantity demanded will decrease.
B.
quantity supplied will increase.
C.
there will be a shortage of the good.
D.
the price floor will not affect the market price or output.