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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A Christmas truce memorial was unveiled in Frelinghien, France, on 11 November 2008. At the spot where their regimental ancestors came out from their trenches to play football on Christmas Day 1914, men from the 1st Battalion, The Royal Welch Fusiliers played a football match with the German Battalion 371.
Answer:
They are important. they prevent one section of gov from taking all the power.
Explanation:
