Answer to Question #77641 in Microeconomics for Winter

Question #77641

when the government imposes a minimum price on motorcycle,
A) excess supply for helmets will increase
B) the supply of helmets will increse
C) the demand for helmets will increase
D) the demand for helmets will decrease

Expert's answer

C) the demand for helmets will increase

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The Neumann Morgenstern approach to choice under certainty.
2. (a) Differentiate between hidden information and hidden action. Suggest measures for minimizing the
3. Illustrate and explain what will happen to the quantity demanded for bread if the price of butter in
4. With the aid of a graph illustrate critically anallyse the concept of technical progress using an is
5. cONSIDER A DEMAND CURVE OF THE FORM Qd= 20-2P WHERE Q IS THE QUANTITY DEMANDED AND AND P IS THE PRIC
6. 2. Discuss the difference between the assets and liabilities of central Bank
7. Suppose that the price of President’s Choice macaroni and cheese decreased from $10 to $8 per case