How are the short-run consequences of price ceilings on bread magnified in the long run? correct answer(s) in the long run, these products become increasingly harder to find. in the long run, bread consumers will demand more of the bread offered in the black market, which will increase the illegal price for the good. in the long run, the price ceiling will no longer exist as the government is forced to abolish it. in the long run, bread consumers will choose substitutes to the expensive bread offered in the black market. incorrect answer(s)

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.