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Sladkaya [172]
3 years ago
7

The graph shows the price of a good compared to the quantity demanded and the quantity supplied. On this graph, the top horizont

al line represents
Social Studies
1 answer:
xz_007 [3.2K]3 years ago
3 0
<h2>Answer choices are:</h2>

A) An ineffective price floor set above equilibrium

B) An effective price floor set below equilibrium

C) An ineffective price ceiling set above equilibrium

D) An effective price ceiling set below equilibrium

<h3>Answer:</h3><h2>A. An ineffective price floor set above the equilibrium.</h2><h3>Explanation:</h3>

A price floor is the lowest possible price at which a certain type of good is sold at. This is usually set by the government so as to keep the rate of goods from decreasing below a certain point. This price floor is indicated by a horizontal line on the graph above the intersection of the supply and demand curves.

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The plaques show aspects of the Benin court life in the sixteenth century, shortly after the Europe's first contact with the West Africa. The small heads show how people of the Benin perceived Portuguese traders as well as their soldiers, with pointed noses and also thin faces and the beards and the strange clothes. This indicates that the pendant mask associated with Europe.

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