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The most important argument economists make against government imposed price controls is that they are: O unfair. O insecure. O inefficient. O unstable.If a company introduces a new product but sales are low, what will most likely happen to the price? decrease cannot tell from this information increase stay the same What usually happens when price floors are placed on goods? The price is below equilibrium so there is a shortage. The price is above equilibrium so there is a surplus. The price is above equilibrium so there is a shortage. The price is below equilibrium so there is a surplus. What would happen to the equilibrium price and quantity because of the change in question #9? O The price would increase and quantity would increase. 0 The price would fall and quantity would fall. 0 The price would increase and quantity would fall. 0 The price would fall and quantity would increase. The equilibrium price is the price at which: demand and supply curves intersect. consumers start reducing demand. producers' total revenue is highest. neither demand nor supply will shift. Which of these situations best illustrates market equilibrium? Soap production ensures a good profit for the manufacturer. The price of soap does not vary much from week to week. The amount of soap made matches the amount of soap that people will buy. Everyone who wants or needs soap can eas' - - . to buy it. G?) Help What is the equilibrium price? O $70.00 O $1750.00 O $1000.00 O $1200.00 What is the equilibrium quantity? O 70 O 1000 O 100 O 40If the city placed a price ceiling of $1,000 on rent, a of apartments would result in the market. Shortage, 60 Surplus, 100 Surplus, 60 Shortage, 100 Suppose the city removes the price ceiling and authorizes a new apartment complex to be built. How would this affect the market for apartments? Demand would shift left. Demand would shift right. Supply would shift left. Supply would shift right. Use the graph below to answer the following questions. Price Apartments $2000 S 1750 1500 1200 1000 D Qty 40 70 100