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Price support will be beneficial to producers but costly to consumers.
Price support refers to efforts by a government to keep the price of a commodity higher than it should be were it priced based on supply and demand.
Ways the government can do this include:
- Subsidies
- Production quotas - limiting the quantity produced
- Price controls
Price supports make prices higher than they should be which would give producers more profit therefore tennis racket producers benefit.
On the other hand, they make things more expensive for consumers who will be forced to spend more than they usually do on tennis rackets thereby making it costly to them.
In conclusion, price controls help producers but are costly to consumers.
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Think it might be c since it sounds the most realistic
Answer:
Its importance
The rule of law is very important for a democracy because it is in itself a democratic concept: the idea that all individuals are subject to the law, including rulers, creators of the law, and judges.
Without the rule of law, it is very hard for a democracy to flourish because its absence often implies that some people are above the law, or have more legal rights than others, a situation that would damage democracy.
Its benefits
The main benefit of the rule of law is that it gives every individual the same legal rights as everyone else. This equality before the law results in a more just society, and also results in a more developed and wealthier society, because equality before the law and property rights enforcement have been shown in many studies to correlate strongly with economic growth.