ECON 401
University Of Maryland - Baltimore
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ECON 401-WEEK 2 . Questions and Answers
- Exam (elaborations) • 11 pages • 2021
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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 ...
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