1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klasskru [66]
3 years ago
14

Which example best demonstrate the effect of artificial price controls on supply and demand

History
2 answers:
NeX [460]3 years ago
8 0

D)

Rent controls result in shortages and minimum wage laws result in surpluses.

Greeley [361]3 years ago
3 0

Artificial price controls affect the supply and demand. The best example to demonstrate the effect of artificial price controls on supply and demand is rent controls result in shortages and minimum wage laws result in surpluses  

EXPLANATION  

The most frequently complained economic problems are the price and quantity of goods which are determined on demand and supply, especially basic necessities such as meat, eggs, sugar. Oftentimes, dissatisfaction with the price changes becomes a public pressure on politicians. Then politicians issue legislative policies preventing certain product prices from rising "too high" or falling "too low".

The policies imposed by the government to regulate prices are called price controls. As mentioned above, price controls are divided into two types. First set a price ceilings to keep prices from rising beyond the ceiling limit. The second is the price floors, the price floor is set to keep prices from falling below that floor. Economists will certainly predict the effects of this law made by the government, how people and companies will react to price controls.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

• In a market without price controls, supply will eventually

brainly.com/question/1420261

KEYWORD: supply, demand, wage law, artificial price controls

Subject: Economy

Class: 7 - 9

Subchapter: Price Controls

You might be interested in
"It shall be the policy of this nation to regard any nuclear missile launched from Cuba against any nation in the Western Hemisp
Molodets [167]
The correct answer is <span>A) John F. Kennedy

This was the famous Cuban missile crisis that occurred during Kennedy's presidency. Since the United States had their own bases in Europe close to Russia, Soviets decided to open up their own base in Cuba with missiles in case that the United States started a war. There was a huge problem about this and many people believed a war was going to begin.</span>
8 0
3 years ago
Read 2 more answers
Which of the following was a challenge faced by farmers in the late 1800s?
valentinak56 [21]

Answer:

A

Explanation:

I think sorry if I'm wrong

8 0
3 years ago
Read 2 more answers
Post memes people funniest meme gets brainliest
Advocard [28]
Booooom I got this one

6 0
3 years ago
Read 2 more answers
1. Which of the following do state governments do? *
REY [17]

Explanation:

Driver's licenses.

Vehicle registration.

Driver's records.

Birth certificates.

Death certificates.

Unemployment compensation.

Licensing for professionals, such as attorneys, pharmacists, and chiropractors.

6 0
2 years ago
Read 2 more answers
Which of the following describes a major outcome of world war 2? A P E X
Sedaia [141]

B) The united states and the soviet union became the world's two most powerful states, leading to a global struggle between democracy and communism

After WW2 ended, the cold war begun, which was the race against the democratic powers the communist powers. This resulted in many proxy wars and was one of the biggest outcomes of WW2.

I hope this helps! :)

7 0
2 years ago
Other questions:
  • Roger Williams was banished from the Massachusetts Bay Colony because he _____.
    15·2 answers
  • Which powerful country had money during the great depression?
    6·1 answer
  • What was the impact of the great awakening??
    6·1 answer
  • Adversity in a sentence
    15·1 answer
  • How did the decline of the ottoman empire help cause World War I
    12·1 answer
  • How should leaders make decisions about using military technologies?
    13·1 answer
  • What was the Battle of Antietam? What effect did it have on the North?
    13·1 answer
  • The overall purpose of the NAACP is to<br> integrate professional sports.
    6·1 answer
  • Israel gained territory from Egypt and Syria in 1967 during the Six Day War. What
    7·2 answers
  • The main goals of the Europeans in conquering Asia and the Pacific could be summed up as:
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!