Price support will be beneficial to producers but costly to consumers.
Price support refers to efforts by a government to keep the price of a commodity higher than it should be were it priced based on supply and demand.
Ways the government can do this include:
- Subsidies
- Production quotas - limiting the quantity produced
- Price controls
Price supports make prices higher than they should be which would give producers more profit therefore tennis racket producers benefit.
On the other hand, they make things more expensive for consumers who will be forced to spend more than they usually do on tennis rackets thereby making it costly to them.
In conclusion, price controls help producers but are costly to consumers.
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Answer: a. He viewed them as being one step below him.
Explanation:
Pope Innocent III was one of the most powerful Popes to ever live. He believed that as the representative of God on Earth, kings and emperors were beneath him in the hierarchy of power and he did not hesitate to show them this by enforcing papal policy on several kings who tried to go against the Church.
An example was King Alfonso IX of Leon who had married a close relative. Pope Innocent excommunicated him until the marriage was cancelled. Pope Innocent III was also the first Pope to call for a Crusade to recapture Jerusalem and the Holy land from Muslim invaders.
<span> People who buy and sell the actual commodities can use the futures markets to protect themselves from commodity prices that move against them
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Yes most egyptian pyramids have the pharaohs tomb in them
They described the life of the disgusting and poor living conditions.
