At the lower price, sellers will be willing to make 40 loaves of bread.
At the lower price, customers will want to buy 60 loaves of bread.
<h3>What is a price ceiling?</h3>
Price ceiling is when the government determines the maximum price a good or service should be sold for. It is binding when it is set below equilibrium price.
In order to determine the quantity demanded at the price of $5.50, trace $5.50 to a point on the demand curve(the downward sloping curve). In order to determine the quantity supplied at the price of $5.50, trace $5.50 to a point on the supply curve(the upward sloping curve).
Please check the attached image for the required diagram. To learn more about a price ceiling, please check: brainly.com/question/26521358
Answer:
City-state, a political system consisting of an independent city having sovereignty over contiguous territory and serving as a centre and leader of political, economic, and cultural life.
(I don't know how it spreaded though, sorry :<)
Rene Decartes was a French philosopher born in 1596 a time when many long held benefits where changing. His new way of thinking led him to decide to doubt everything until he could prove it. His goal was to achieve certainity through methodical and logical questioning.