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.
<em>Find out more at brainly.com/question/2124058.</em>
Answer:
North Africa is mostly desert. But the ancient Egyptians found that they could grow crops by irrigation ditches from the Nile River
Explanation:
Sarah would be considered as detour taker type of conversational partner. Characteristic for this type for conversational partner is that <span>can't stay on point. Sarah shifts from one theme to another, so she is a detour taker type of partner in a communication. </span>
Answer:
Likeness
The Reciprocal Awareness
Differences
Interdependence
Cooperation
Conflict
Explanation:
Let me know if you want to clear something to me thanks❤
