Bill's barbershop has two barbers available to cut customer's hair. both barbers provide roughly the same experience and skill, but one is just a little bit slower than the other. the process flow below shows that all customers go through steps b1 and b2 and then can be served at either of the two barbers at step b3. the process ends for all customers at step b4. the numbers in parentheses indicate the minutes it takes that activity to process a customer.

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;

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.