Price support will be beneficial to producers but costly to consumers.
Price support refers to efforts by a government to keep the price of a commodity higher than it should be were it priced based on supply and demand.
Ways the government can do this include:
- Subsidies
- Production quotas - limiting the quantity produced
- Price controls
Price supports make prices higher than they should be which would give producers more profit therefore tennis racket producers benefit.
On the other hand, they make things more expensive for consumers who will be forced to spend more than they usually do on tennis rackets thereby making it costly to them.
In conclusion, price controls help producers but are costly to consumers.
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Consistent behavior patterns that people display in many different situations are often called individual differences by personality psychologists.
<h3>What is individual difference?</h3>
Individual difference is what makes an individual different form another.
The behavior can differ from one individual to another.
Each other with their own unique personality.
Therefore, Consistent behavior patterns that people display in many different situations are often called individual differences by personality psychologists.
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Answer:
There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.
Explanation:
The correct answer is letter D
Net working capital is the aggregate value of all current assets and current liabilities. It is used to measure a company's short-term liquidity and can also be used to get an overall impression of the company's management's ability to use assets efficiently.
