If Honda uses its company name to cover such differe... - Solved MCQs & Answer

Which of the following statements is true if the government places a price ceiling on petrol at Rs150 per litre and the equilibrium price is Rs100 per litre?

Ans: A significant increase in the demand for petrol could cause the price ceiling to become a binding constraint.Read →

MCQ #543

If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be?

Ans: potentially efficientRead →