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PiMaster314 PiMaster314
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4 years ago

Question 1.

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a



▸ price floor.

▸ price control.

▸ sticky price.

▸ macroeconomic price.

Question 2.

The demand for massage therapists declined in the spring of 2016, but the starting wages paid to massage therapists was still the same at the end of 2016. This is an example of a



▸ sticky price.

▸ flexible price.

▸ highly regulated market.

▸ price control.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jesika1122jesika1122
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4 years ago
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PiMaster314 Author
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4 years ago
Thanks for your help!!
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Correct Slight Smile TY
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