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Kisachek [45]
3 years ago
10

Wally offers to repair and service a forklift for valu lumber outlet, but wally dies before valu accepts. most likely, wally's d

eath
a. ​shortens the time of the offer but does not terminate it.
b. ​extends the time of the offer.
c. ​does not affect the offer.
d. ​terminates the offer.
Business
1 answer:
Furkat [3]3 years ago
3 0
D.terminates the offer
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Answer:

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Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If a price ceiling is effective, the price ceiling is set below equilibrium price.

If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.

A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.

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1 year ago
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