Omega corp. has a goal of increasing its production and reducing its overhead costs. to achieve this goal, the company has developed four alternate action plans. its idea is to monitor how these plans work and then invest more in the plan that shows maximum results. this type of planning that allows for flexibility is known as

it is a i took the test.

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.