Why do price ceilings tend to cause persistent imbalances in the market?

John believes that lying is always wrong, regardless of the consequences. Which ethical theory does this belief align with?

What are complex carbohydrates? In what foods can they be found?

When marginal revenue intersects marginal cost on a graph,

Positive economics deals with

Despite the gain from higher profits, firms are not always able to price discriminate because

British officials outlaw suttee in 1829. According to moral realism, are their actions morally praiseworthy?

What does impartiality mean in the context of utilitarianism?

If demand is price inelastic,

Average variable cost is