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.
<em>Find out more at brainly.com/question/2124058.</em>
Answer:
c a system that helped slaves escape to the north
Answer:
The correct answer is B, appeals to people living in a wide variety of locations.
Explanation:
Universal religions are open to all human beings regardless of their ethnic, cultural, geographic or political group. Some examples are Christianity, Buddhism, and Islam. All of the above share the use of missionaries to spread their beliefs.
One way advances in science and geography changed the world in the 1100's (time period also known as the Renaissance of the 12th Century) was through advances such as the wind mill, paper making, and the magnetic compass. Maps were able to be created using the magnetic compass and paper. This sea and land navigation and map making aided in European expansion and exploration.
