Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
Answer:
B- Attempt to restrict output in order to raise prices.
Explanation:
Cartels is similar to a group in which every member is a giant producer together they control how much product will go in the market or how much price would be charged.
<em>So</em> the basic aim of cartels is to control the prices and to achieve that there are various methods they can use, one of these methods is: They will stop the product create a shortage, and then increase up the charges.
Older workers are also more likely to become self-employed, with
small businesses or consulting work, some employers offer phased
retirement (called "bridge work"). The tendency for elderly
people to perceive, prefer, and remember positive images and experiences more
than negative ones.
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Answer:
Yes
Explanation:
Because it have to stay the same
D. do not require a risk premium for bearing it
