Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

When the polio vaccine first became available in the United States, the government controlled the price with an effective price ceiling. Production of the vaccine was not sufficient to fill all orders and the government had to regulate its distribution. Had the vaccine been sold without government intervention, the shortage would have been eliminated by price:

falling, quantity demanded decreasing, and supply increasing.

rising, demand decreasing, and quantity supplied increasing.

falling, demand decreasing, and supply increasing.

rising, quantity demanded decreasing, and quantity supplied increasing.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91994856

Have any Question?


Related Questions in Business Economics

Cowland copr plans to issue equity to raise 493

COWLAND COPR plans to issue equity to raise $49.3 million to finance a new investment. After making the? investment, COWLAND COPR expects to earn free cash flows of $10.4 million each year.? COWLAND COPR's only asset is ...

A firm has hired you as a consultant this firm is perfectly

A firm has hired you as a consultant. This firm is perfectly competitive and has no control over price. This firm is selling 10,000 units at a price of $4. Total costs are $30,000. Total variable costs are $25,000. They ...

Are the outcomes of hospital care different on weekends

Are the outcomes of hospital care different on weekends than weekdays? In a random sample of 500 patients who experienced severe medical complications after admission to acute care wards in three U.S. states from 1999 an ...

Practical exercise 1assume the demand for teachers ld in a

Practical Exercise 1: Assume the demand for teachers (Ld) in a school is given by the following equation: W = 1700 - 2L D  and the supply of teachers (L S ) depends on whether the school is a public school or private sch ...

The caloric consumption of 44 adults was measured and found

The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...

Going to concerts and reading books take time and money

Going to concerts and reading books take time and money. Suppose a book costs $10 and takes 3 hours to read and a concert costs $20 and takes 3 hours. For a person with $80 to spend and 18 hours for these activities: a. ...

The average number of women in a shelter each night is 250

The average number of women in a shelter each night is 250 with a standard deviation of 75. If the city's capacity is 350 people will there be enough beds to meet the demand 95% of the time? How many women will be in the ...

What would be the substitution effect and the income effect

What would be the substitution effect and the income effect of a wage increase?

A test of high school study habits and attitudes supposedly

A test of high school study habits and attitudes, supposedly predictive of how well high school students will perform academically, is administered to twelfth graders during the same week that their cumulative grade poin ...

Toms income is 480and he spends it on two goods x and y his

Tom's income is $480and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $8 per unit. a. Use lagrangian function to calculate Tom's utility-maximizing purchases of X and Y.  b. I ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As