a body of people representing the states of the US, who formally cast votes for the election of the president and vice president.
Answer:
Subsidy ; Price Ceiling
Explanation:
Subsidy is the financial assistance by government, to increase a good's availability at cheaper price, to people.
Price Ceiling is the maximum mandated price by government, at which a good or service can be sold in market.
Government giving every student a voucher to redeem at any school : Is a form of financial assistance, which reduces the price paid by students. So, it is an example of Subsidy
Government mandating no tuition fee above $6000 : Is specification of maximum mandated price at which a good or service can be sold. So, it is an example of Price Ceiling.
Answer:
Lee is making a <u>fundamental attribution error</u>.
Correct answer choice is :
<h2>A) The law states that price decreases lead to greater demand and limited supply, which occur during excess demand.</h2><h2 /><h2>Explanation:</h2><h2 />
The law of demand states that conditional on all else being equal, as the price of a good increase, quantity demanded decreases; conversely, as the price of a good decrease, quantity demanded increases. The excess stock makes the price to fall and quantity demanded to rise. A reduction in supply will make an increase in the balance price and a decrease in the equilibrium amount of a good. Excess demand makes the price to rise and quantity demanded to decrease.
