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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<span>Because without the free enterprise system America would have no freedom inside their business and would be told how to sell it for how much and only sell certain things</span>
Witch statement is true for what
the answer is C because technology nowadays really can improve our live
The river made rich soil which allowed for them to plant crops
