Well, for one, Haiti really didn't have anything to offer the United States. No territory. Nothing to trade. Nothing really. But also, the idea of Africans rising up against an oppressive white government and overthrowing them made the United States very nervous, especially since we, at the time, had institutionalized slavery and a culture that was very much steeped in racism. Basically, we were afraid that if we supported the revolution in Haiti, it would encourage our own slaves to revolt against Southern slaveholders.
Because they were afraid of democracy
If the average price of regular bottled water falls to $0.65, consumers will demand fewer bottles of premium water at every price, which shifts the demand curve for premium bottled water to the left.
Answer: An effective price ceiling is a price imposed by the government below the equilibrium price.
Explanation:
Price ceiling is a price control that is imposed by the government to curtail how high producers or suppliers charge price for a commodity or service. Price ceiling is used by the government to protect consumers from purchasing very high commodities. The very high prices of the good can be as a result of inflation, monopoly or investment bubble
For price ceiling to be effective, the price set must be below the equilibrium price (price set by the forces of demand and supply).
