Why did the interstate commerce commission have difficulty enforcing reforms

1 answer:

8 0

The courts often ruled against the commission Explanation;-In 1887, Congress passed the Interstate Commerce Act which created the Interstate Commerce Commission, the first true federal regulatory agency. It was designed to address the issues of railroad abuse and discrimination and required the following: Shipping rates had to be "reasonable and just "Rates had to be published

Secret rebates were outlawed

Price discrimination against small markets was made illegal

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When the price of a good changes, what effects tend to create the law of demand?

quester [9]

theres no answer choices butttt there are 3effects that explain the law of demand.

Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.

Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.

Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.

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The sum of 3 fifthteens and 17 fifthteens

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3 years ago

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kifflom [539]

Answer:

they still needed to go to war to fight?