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CountrySlim84 CountrySlim84
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A year ago
Suppose the free-market equilibrium price for ice time at privately operated hockey arenas is $250 per hour. If the municipal government imposes a price ceiling of $130 per hour, we can expect to see

▸ an excess demand for ice time.

▸ a hidden market price below the free-market equilibrium price.

▸ an excess supply of ice time.

▸ that neither excess supply nor excess demand is created.

▸ an adjustment of the free-market equilibrium price to $130.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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overlandtrailoverlandtrail
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A year ago
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CountrySlim84 Author
wrote...

A year ago
Brilliant ツ
loki1345
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Yesterday
this is exactly what I needed
DragonHeart
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2 hours ago
Smart ... Thanks!
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