Question 1
What is a price ceiling in a market?
Question 2
What usually happens when the government sets a price floor above the equilibrium price?
Question 3
Which of the following is most likely to happen if the government imposes a binding price ceiling in the market for apartments?
Question 4
What is the main purpose of a per-unit subsidy?
Question 5
What is the main effect of a tax placed on a good?
