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:
next time put the answers pls
Democratic Party
Known Nothing Party
Republican Party
Populist Party
its republican party
Explanation:
Answer: What actions did francis joseph take to maintain power? Joseph set 3 objectives to restore leadership: regain great-power status; counter Prussian moves in S Germany; and avoid war. How did Hungarians and Slavic groups respond to the Dual Monarchy?
Explanation: Hope This Helps!
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Answer:
Complete the first 7 chapters on the first day
the other 7 chapters on the second day
And Revise all the chapters on the third day
