Tabatha was looking into switching coffee products when her group of friends suggested she check out the local coffee shop that sold a house blend that they liked. Tabatha was influenced by her friends and accompanied them to the coffee shop to try out the house blend. She liked it and purchased a bag to take home. The local coffee house had created an atmosphere and following of fans by offering a free cup if a regular brought in a friend. The coffee shop targeted its marketing using what type of approach?

c is the correct answer.

answerembargo;

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.