Answer:
The correct choice will be "Normative Economics
".
Explanation:
- Normative economics explores how well and why the economy could or ought to have been instead of what it truly is or was, proposing measures to boost public wellbeing.
- Normative implies related to or relying on what is perceived to have been the right or natural way of doing anything, an appropriate standard or pattern.
Answer:
$3
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
Shortage = $12 - $9 = $3
Answer:
C: reduce; increase
Hope this helps & good luck!
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Because you will follow the plan,and therefore you will reach your goal
All of the above. Hope this helped