ECON 401

ECON 401-WEEK 2 . Questions and Answers n economics, the demand for a good refers to the amount of the good that people: a) would like to have if the good were free. b) will buy at various prices. c) need to achieve a minimum standard of living. d) will buy at alternative income levels. Questi on 2 1 / 1 point ______________ are enacted when discontented sellers, feeling that prices are too low, appeal to legislators to keep prices from falling. a) Price ceilings b) Rent controls ...