Answer:
The two federal court systems in the United States are Supreme Court and the district level federal courts. The authority for the establishment of the Supreme Court was created in US constitution under Article III which called for a US Supreme Court and allowed for the US Congress to establish lower district federal courts. George Washington signed the Judiciary Act of 1789 to officially create the federal court system.
Explanation:
Answer:
A price ceiling prevents a price from rising above a certain level. Hence, the name price "ceiling". If the price is set below the equilibrium price what results is the quantity demanded will exceed the quantity supplied. Two things will be achieved either the excess in "demand" and "shortages" will ensue. Whereas, the price floor prevents the price from plummeting below a certain level or threshold.
Explanation:
Price Ceiling and Price Floors prevent the price from going either up or down.
*Please note that this not a legal or "law" related question. This is an Economics Social Science one.
