4. Jacobs put an old typewriter in the trash. The trash collector, Land, took the typewriter, fixed it up, and sold it to Jones for $750. Jacobs contends that he is entitled to some or all of the $750 that Land received from Jones. Based on these facts: A. Land is entitled to the value of the improvements be made, but Jacobs is entitled to the difference between the $750 Land received and the value of the improvements Land made. B. Land is entitled to keep the full $750 because Jacobs had abandoned the typewriter. C. Jacobs is entitled to the $750 because Land paid Jacobs no consideration for the typewriter. D. Jacobs is entitled to recover the typewriter from Jones.

answer; i believe its (d) intrinsic;

answer; comparing the additional benefits and costs;

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.