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ECON 401-WEEK 2 . Questions and Answers
Exam (elaborations) • 11
pages
• 2021
ECON 401-WEEK 2 . Questions and Answers



n economics, the demand for a good refers to the amount of the good that people:

a) would like to have if the good were free.

b) will buy at various prices.

c) need to achieve a minimum standard of living.

d) will buy at alternative income levels.

Questi

on 2

1 / 1

point

______________ are enacted when discontented sellers, feeling that prices are too low, appeal

to legislators to keep prices from falling.

a) Price ceilings

b) Rent controls
...
ECON 401-WEEK 2 . Questions and Answers
Last document update:
ago
ECON 401-WEEK 2 . Questions and Answers



n economics, the demand for a good refers to the amount of the good that people:

a) would like to have if the good were free.

b) will buy at various prices.

c) need to achieve a minimum standard of living.

d) will buy at alternative income levels.

Questi

on 2

1 / 1

point

______________ are enacted when discontented sellers, feeling that prices are too low, appeal

to legislators to keep prices from falling.

a) Price ceilings

b) Rent controls
...
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