A. A price floor is set above price equilibrium.
B. Quantity demanded is less than Quantity supplied
C. Quantity supplied exceeds Quantity demanded
A. When a price ceiling is set below the equilibrium price
B. Quantity demanded exceeds Quantity supplied
C. Quantity supplied is less than quantity demanded
THE ANSWER IS A
However, the government should have little to no intervention in our capitalism, market economy, but of course when the economic factors kick in, there is also the government which has to regulate monopolies and mergers to make sure that our market economy is safe and welcoming to all consumers.
I would say nomadic warriors hope this helps
Answer:
False
Explanation:
Hello!
During the Middle Ages, Europe's political system is characterized by the adoption of Feudalism. Feudalism proposed an economic and productive relationship that was based on a type of reciprocal obligations agreement between <em>“lord”</em> and <em>“vassal”</em>.
There were deep political changes during the Renaissance, which are related to the origin of the nation-states. This meant a growing centralization of administrative tasks and the expansion of commercial activities.
At this time, the economic system began a process of transition from feudalism to capitalism.
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