If a price ceiling is imposed below the equilibrium price, which of A through would tend to be the quantity supplied, and which would tend to be the quantity demanded? What would be the new quantity exchanged? What would the impact of a rental price ceiling set above the equilibrium rental price for apartments? What if it was set below the equilibrium price? (1 point) e. What would the impact of a price floor set above the equilibrium price for dairy products?
What if it was set below the equilibrium price? (1 point) What would happen to the equilibrium price and quantity exchanged in the following cases? (2 points) of a complement, for a normal good bloicl advance and lower innut prices C) an increase in the price of a substitute and an increase in income, for an inferior good D) producers' expectations that prices will soon fall, and increasingly costly government regulations Refer to the following supply and demand diagram. (3 points) :E,
what shift or shifts in supply and/or Starting from an initial equilibrium demand could move the equilibrium price and quantity to each of the points A through I? a. what would happen if both a decrease the price of the substitute in production and an increase in income occurred, if it b. an initial equilibrium a is a normal good Starting from an initial equilibrium at E, what would happen if both an increase in the price of an input and an advance in technology occurred? d. c. If a price floor is imposed above the equilibrium price, which of A through I would tend to be the quantity supplied, and which would tend to be the quantity demanded? What would be the new quantity exchanged?
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