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What are the concequences of implimenting minumum or maximum prices for goods and services?
When a maximum price is set for a good or service, it is set below the equilibrium. This is supposed to help consumers but due to the excess demand, a black market will emerge and goods and services will be sold at black market prices (which will be higher than the maximum price or price ceiling) A minumum price is set abouve the equlibrium price. This is done to help producers, however all this will do is create an excess supply and a black market will emerge where goods will be sold at a lower price.
What else can I help you with?
How big is the 2012 soccer field?
The year does not have any significance as Football (or Soccer) fields are restricted to be a minimum of 100 yards to a maximum of 120 yards in length and 60 yards minumum to a maximum of 80 yards in width. This is governed by FIFA's Laws of the Game.
What is the minumum dollar amount over which a common lawsuit can be filed?
The minimum dollar amount for a civil law suit in the magristrare court is between 1 .oo and up to a maximum amount of 5000.00 circuit court civil suits maximum amounts are up to 50,000.00
How much is minumum wage?
$7.50 an hour.
How much does a overcoat coats?
A million dollars minumum
What is Mininum wage in the CFL?
$30,000 Canadian a year is the minumum wage.
Can an employer pay you five dollars an hour?
Depends you employer. If you are like babysitting, yes. If it is like a McDonalds franchise or Walmart franchise, no. You must be paid minumum wage. (hence the minumum) hope this helps a bit
What is the minumum amount of time a bottlenose dolphin can live for?
35-40 years
What is the max and minimum in a Yu-Gi-Oh deck?
I've been playing Yu-Gi-Oh for years now and I say that the minumum is 40 cards and the maximum is 60. You shouldn't have more than 60 since it'll have a low percentage of getting what you want.
How much do an LPN make an hour in Illinois?
16 to 19 dollars minumum 15
A politician who is fiscally liberal would most likely support?
Increasing minumum wage
A good legal system?
Strict liability, minumum standard of care, and state sponsored insurance
Find two numbers whose product is 64 and whose sum is a minumum?
8 and 8
