At the lower price, sellers will be willing to make 40 loaves of bread.
At the lower price, customers will want to buy 60 loaves of bread.
<h3>What is a price ceiling?</h3>
Price ceiling is when the government determines the maximum price a good or service should be sold for. It is binding when it is set below equilibrium price.
In order to determine the quantity demanded at the price of $5.50, trace $5.50 to a point on the demand curve(the downward sloping curve). In order to determine the quantity supplied at the price of $5.50, trace $5.50 to a point on the supply curve(the upward sloping curve).
Please check the attached image for the required diagram. To learn more about a price ceiling, please check: brainly.com/question/26521358
Adolf Hitler was born in <span>Braunau an Inn, Austria</span>
Answer:
Pope Gregory was both devout and clever. ... The conflict between Henry IV and Gregory VII concerned the question of who got to appoint local church officials. Henry believed that, as king, he had the right to appoint the bishops of the German church. This was known as lay investiture.
Explanation: