For the answer to the question above asking at $5 a bushel, there is an excess supply of wheat. is this price above or below the equilibrium price?
I think it is a price floor above the equilibrium price.The price is too high so that the suppliers will produce more than the consumption.
<u>Answer:
</u>
Franklin's neighbor prefers a "speckled ax" because he compares it with his virtue and looks at the speckles ax as a symbol of given up struggle.
<u>Explanation:
</u>
- Benjamin Franklin's neighbor is good at associating meanings to the attributes of inanimate things that we use in our day to day lives.
- He seems to be a philosophical chap who likes to use articulate language and make other people wonder where does he get those thoughts from.
