Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
Nepal is its own nation because it is a country on the map but it is right next to India, so its hard to tell sometimes.
hopefully my answer helps you
<span>According to Domhoff, the POWER ELITE is made up of individuals who are linked to the social upper class, the corporate community, and the policy-formation organizations that influence government policy.
Domhoff distinguishes this group from others by their capabilities to influence the condition of the nation as a whole, whether its the law, the norm or the economic aspect of the nation.</span>
Answer:
I think it's a
Explanation:
i don't know about British history all that much--
