Answer:
Coordination problem.
Explanation:
Coordination problem often associated with Game theory, most especially prisoner's dilemma, is a term that describes "game" with multiple outcomes, such that participants have to decision on how to act.
In this case, the Republicans are having Coordination problem because, they have disagreement about which particular member of their party would be the best choice for the party at presidential election.
Answer: it will either make prices rise and make things more expensive while being payed more or making things less expensive and payed less.
Explanation: The higher the price the more people will pay you but the lower the price the less people will pay you.
A. Republicans & amp; Democrats
Answer:Price ceiling is when the government of a country mandates producers to sell their commodities below market or equilibrium price.
Explanation:Price ceiling leads to excess demand as consumers will excessively demand for products with a low price. Economically,the lower the price ,the higher the quantity demanded.
Also,Price ceiling will make producers produce inferior commodities as they will drastically reduce their cost of production which by using counterfeit raw materials.
Lastly,Price ceiling leads to supply shortage as producers are not willing to produce.
