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What else can I help you with?
Explain why shortages and surpluses are not temporary when price controls are used?
If the price ceiling is above the market price then there's no direct effect. If the price ceiling is set below the market price, then a shortage is created. :)
Give an example of a price floor and a price ceiling and the purpose of the controls?
an example of a price floor is the minimum wage
Who controls the price of oil in the middle east?
Opec
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
Self correcting mechanism crude oil prices?
Controls the price fluctuation.
Who controls the price of gasoline?
the government controls the price of gasoline
Explain why shortages and surpluses are not temporary when price controls are used?
If the price ceiling is above the market price then there's no direct effect. If the price ceiling is set below the market price, then a shortage is created. :)
What is the cost basis for Johnson Controls?
The cost basis for Johnson Controls is the original purchase price of an investment or asset, which is used to calculate capital gains or losses when the investment is sold.
What controls price and availability in an industry?
monopoly
Give an example of a price floor and a price ceiling and the purpose of the controls?
an example of a price floor is the minimum wage
Who controls the price of oil in the middle east?
Opec
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
Diocletian tried to restore the roman economy with taxation and?
Price Controls
What did the agricultural industry want the government to do after the war?
get rid of price controls
What happened to the polish economy when price controls in Poland?
inflation soared
What are two examples of direct control in ww1?
The two examples of direct control in ww1 included price controls and rent controls.
When was Office of Price Administration created?
WWII Office that installs price controls on essential items to prevent inflation
