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
Yes, the Wampanoag encountered European traders in the early 1600s. this encounter affected them a lot as they suffered from an epidemic between 1616 and 1619, long thought to be smallpox introduced by contact with Europeans.
Who are Wampanoag?
The Wampanoag, also written Wôpanâak, are an Indigenous people of the Northeastern Woodlands who are native to North America. They are based in southeast Massachusetts and were formerly located in parts of eastern Rhode Island. Their ancestral homelands included the islands of Martha's Vineyard and Nantucket.
To learn more about Wampanoag, click on the link given below:
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Answer:
There is more than one definition
Explanation:
Type in the assignment's whole name on Google and the first or second one should be the Answer copy