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Hitler was the dictator of Germany during wwII and was the reason for the holocaust which killed millions of Jews .
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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)
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their acquired expertise is such an automatic habit that if feels like Intuiton
Explanation:
Intuition is the ability to access unconscious reasoning to reach a conclusion. Intuitive people feel like they know things without necessarily understanding way. In this example, the controllers have seen so many flight patterns, and their expertise is so great, thay they can tell the flight pattern of a plane without effort.
Another example would an experienced lawyer who hears for a few minutes the story of a client, and knows immediately if the case can be won or not even if he has not learned the details of the case yet.