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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Women and children rioted in the south because of lack of money, provisions, and food. Which resulted in the southern bread riots.
The result was the 12th Amendment, approved in Congress on December 9, 1803, and ratified on June 15, 1804, in time for the new process to be in place for the 1804 election, With the 12th, Electors are directed to vote for a President and for a Vice President rather than for two choices for President.
Answer: The city council should careful evaluate the benefits of reduced fatalities against the costs of the light and the extra time that the drivers will spend waiting for a green light
Explanation: Installing the traffic light which could reduce the fatalities caused on the highway is a good development. However, there are more factors to be considered when embarking on projects of such nature. The projected cost of a project is just as important as the project to itself. It project cost is so high such that the community does not have the required fund to cater for it, then the project should be delayed or altered for a subordinate solution until funds become available.
The extra time require to wait for a green light, if the commuters cannot be patient enough to follow traffic signals, the effort won't reap the required outcome.
