If the price of a good falls by 10% and the percentage increase in the total amount consumers spend on the good is 10%, then the good is

answer; a set of mutual funds with similar risk characteristics to your mutual fund;

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

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.