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:
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<span>The speaker envisions a life of carefree pleasure without ties for mundane obligation.They will dress in cap made by flower, a gown of the finest wool, slippers with additional gold buckless and a straw belt that made with amber and coral. They spend their time by singing and dancing</span>
Answer:
Longitudinal research
Explanation:
Longitudinal research is also called an observational study method. In this research, the data is gathered on the same population over some time. Longitudinal study as the name indicated run for a long-time period or a decade. In this study, the same individual is observed for a long period.
For instance, a study was conducted on aging in which around five thousand people were part of the study between the age of 45 to 85 for 20 years,
Thus Dr. Edward used a longitudinal study to conduct his research.
