Avon, tupperware, and southwestern company of nashville are among companies in the multibillion-dollar industry, which involves selling door-to-door or at home sales parties.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

In microeconomics, the point at which supply and demand meet is called the blank price

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question