Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
The conflict in Serbia between Austria-Hungary and Russia help ignite World War I because Europe split into Allied and Central powers as countries honored alliances to fight together if attacked. The balance was built in a way that just a sparkle would have be enough to cause a big flame. The conglit i Serbia was that sparkle.
Answer: BECAUSE the north had went against slavery laws the the south allowed. Therefore if a slave were to run away they would head north and once your past that line the slave would be free and would never be owned again the only worry would be changing the name given at birth so that if slave hunters were given permission to hunt down slaves in free states the used to be slave would still be safe.
What are you trying to say? personal behaviour is the only factor that determines if a person becomes ill?
