Suppose a binding price floor on sparkling wine is proposed by the health minister of the country of vinyardia. what will be the likely effect on the market for sparkling wine in vinyardia? a. quantity demanded will increase, quantity supplied will decrease, and a shortage will result. b. quantity demanded will increase, quantity supplied will decrease, and a surplus will result. c. quantity demanded will decrease, quantity supplied will increase, and a surplus will result. d. quantity demanded will decrease, quantity supplied will increase, and a shortage will result.

answer; i do believe that the correct answer is (6) points in georgia;

hi noah!

the first time you break a rule, you get a warning.

if you continue to break rules you get kicked out for a certain amount of time.

so, to answer your question 1.

hope this buddy!

- courtney

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101

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.