Q: If the government banned the sale and purchase of a good or
If the government banned the sale and purchase of a good or service (for example, cigarettes, or abortion services), then what impact would this have on the market for this item.
See AnswerQ: Why money isn’t considered capital in economics? Answer:
Why money isn’t considered capital in economics?
See AnswerQ: Suppose the price elasticity of demand for farm products is inelastic.
Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government en...
See AnswerQ: Is there a "free-rider" problem associated with public
Is there a "free-rider" problem associated with public goods and services? How does government address this free-rider problem?
See AnswerQ: Macroeconomic instability can also be viewed as a "market failure."
Macroeconomic instability can also be viewed as a "market failure." This is because the market system (capitalism) is permissive of the problems of unemployment, inflation and slow rates of economic g...
See AnswerQ: If the price of televisions has increased over the last year and
If the price of televisions has increased over the last year and people are buying more televisions, is this an exception to the law of demand, or has there been a change in demand or supply which cou...
See AnswerQ: If demand and supply both increase, but demand increases more than
If demand and supply both increase, but demand increases more than supply increases, then what happens to the equilibrium price and quantity?
See AnswerQ: Why has the price of most computers and other electronic product been
Why has the price of most computers and other electronic product been falling over the past several years while the demand for these products has been rising at the same time?
See AnswerQ: Why has government been involved in setting prices---price controls?
Why has government been involved in setting prices---price controls?
See AnswerQ: How does government attempt to correct for a lack of competition?
How does government attempt to correct for a lack of competition?
See Answer
