What is CS before maximum price?
Maximum price/ price ceiling
11th Grade
•12 Qs
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Maximum price/ price ceiling
Quiz
•
Social Studies
•
11th Grade
•
Medium
Hugh Pollock
Used 37+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A + B + E
A + B + C
C + F + D
B + C + D
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is PS before maximum price?
A + B + E
A + B + C
C + F + D
B + C + D
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is PS after maximum price?
A
A + B + C
D
B + C + D
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is CS after maximum price?
A
A + B + C
D
B + C + D
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is DWL/welfare loss ?
C + F
A + B + C
B + E
E + F
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of introducing a maximum price ?
Government revenue
Increase in supply
Surplus
Shortage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Allocative efficiency occurs when?
MB = MC
Qd > Qs
There is DWL
There is a surplus
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