Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.
Answer:
Homogeneous Products
Explanation:
In a perfectly competitive market, buyers treat the product produced by different firms as homogeneous. So they are willing to pay the same price for products of different firms. No firm, therefore, can charge a price higher than the market determined Price
Answer:
Explanation:
This interracial matrimony helped strengthen the ties between the Tang Dynasty and the Tubo Kingdom. At that time, Emperor Taizong of the Tang dynasty needed to find a bride for King Songtsen Gampo, the new ruler of the Tubo Kingdom (Tibet)
A...a group of the same species is a population