Nigel earns $300 a week working at his father's computer store. he buys french fries and books. the price of a serving of french fries is $2 and the price of a book is $10. what is nigel's real income in terms of french fries? what is nigel's real income in terms of books? nigel's real income in terms of french fries is servings a week, and his real income in terms of books is books a week.

answer; rapid growth in buyer demand and high buyer switching cost;

answerthe united states of america;

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.