Fine office company employs general construction, inc. (gci), to renovate an office and signs a note for $10,000 payable to gci. gci breaches the contract, but sells the note for $5,000 to happy collection agency, which knows that gci has not performed. happy is an hdc of the note in the amount of
a.$0.
b.$5,000.
c.$10,000.
d.$15,000

answer; read and consider the content of the items;

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.