Sam reads his constellation textbook during his lunch break at work because it gives him some extra time to think about the material, and sometimes he e-mails his classmates from his work computer. yesterday, sam was very surprised to receive an e-mail from his employer stating that sending personal e-mails from his work computer was against company guidelines. what should sam have known prior to sending the e-mails?

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.