Answer:
A). It will decrease - 'the quantity of coffee demanded.'
B). It will increase - 'the quantity of coffee supplied by producers'
Explanation:
'Binding price floor' is demonstrated as the price greater than the equilibrium price set by the government to ensure that the prices of such products do not fall below a specific limit.
As per this definition, <u>the quantity of coffee demanded by the consumers will decrease while the quantity supplied(by producers) will increase if the binding price remains constant for several years</u>. This situation of decrease in the quantity demanded(due to hike in prices which is artificially made by the government) while an increase in quantity supplied(due to people reducing purchases as a consequence of hike in prices) which helps ensure a surplus in that good i.e. 'coffee' here.
A ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
This would be an example of classical conditioning. Think along the lines of Pavlov's experiments.
One political similarity is the rise of monarchies. As people started getting surpluses and amassing wealth through trading them, there were those who became wealthy and powerful and established themselves as rulers. This happened in areas like Egypt where Pharaohs started rising and Mesopotamia where there were also kings.
<span>According to maslow's hierarchy of needs theory, the highest need category is: self-actualization
Self-actualization refers to the needs to fulfill our talents and potential. According to Maslow, every human have a primal needs to be considered as a 'worthy' individual among their peers and spend their entire life to keep honing their skills in order to get that acknowledgment. </span>