Answer:
This is an example for the regulation of the government having a negative impact on trade.
The celling policy if people trade below that value is uneffective and useless but, if the agent of the market trade above the celling in some transactiosn (this book may be a best.seller or a book which is hard to find in the given moment) the regulation prohibits and no trade is done. No trade implies neither consumper or producer surplus. While the government state the celling acts in well-being and good for the consumer in this case it is proved wrongly. The consumer would pay between 59 and 64 having a surplus and the produced above 59 will also enjoy a surplus from trade.
Explanation:
If a media company wants information on consumers' television viewing habits. This is an example of syndicated data.
<h3 /><h3>What is syndicated data?</h3>
Syndicated data can be defined as a data that is purchased by customers who has interest in the market from commercial research firm.
This simply means customers or client can have access to the data after being purchase from commercial research firm.
Hence, this market data is not limited to one customer.
Inconclusion If a media company wants information on consumers' television viewing habits. This is an example of syndicated data.
Learn more about syndicated data here:brainly.com/question/15870590
Answer:
Reduction in supply
Explanation:
Equilibrium is when demand matches supply. At the equilibrium price, the market has no excess demand or supply or demand. Changes in either supply or demand affects the equilibrium price and quantity.
A reduction in supply while demand remains constant results in buyers competing for few products in the market. A scarcity will emerge as the supply cannot satisfy demand. The supply curve shifts outwards or to the right creating a new equilibrium point. The new price will at a higher point in the graph, and the quantity will decrease.
The U.S. Congress passes federal statutes. They do not apply to all states. The uniform law adopted by all states that facilitates commerce. ... Case law is based on the decisions made by those who run administrative agencies.