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SUBJECT: Introduction to Microeconomics EC 202

RESOLVE

D Pregunta 55 2 puntos An example of a fixed price is O A neighboring country floods our country with cheap steel to keep prices low O Rent control The minimum wage O A law declaring the price of a loaf of bread to be a 14D Pregunta 59 2 puntos The USSR sets the price of milk at 5 rubles for the entire USSR regions with differing demands and supplies of milk. The fixed price will result in: O Shortages Both Surpluses and Shortages No Effect O Surpluses D Pregunta 60 2 puntos A minimum wage of 50$ would result in O A surplus of labor O A shortage of labor O Increased living standard for all Americans O No EffectD Pregunta 51 2 puntos The supply curve of gold in the world is more than the supply curve of gold for Belmont NC. No answer text provided! O elastic O unit-elastic O. inelastic Pregunta 52 2 puntos At an initial price of 705, the quantity supplied is 100 units. Then the price moves to 110$ and quantity supplied is 110 units. is the supply curve inclastic or clastic? O Inelastic Unit-Elastic O Elastic No answer text provinell