The accounting department for sea city maryland maintains an appropriations ledger for its beautification department--supplies. the ledger shows that the amount appropriated for supplies $85,000. the ledger also shows that three purchase orders were placed, po a for $15,000, po b for $21,000, and po c for $27,000. the flowers ordered on po a arrived along with an invoice of $15,000. the soil and other supplies ordered on po b arrived, were inspected, and a voucher was approved and paid in the amount of $24,000. the trees ordered on po c had not yet arrived. according to the appropriations ledger, how much of the appropriation was available for spending?

answer; ///blank(1) longer; blank(2); lessi believe this is correct, plz check first; good luck';

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.