Use the line drawing tool twice to illustrate the effects of relaxing a minimum-price policy by allowing the price to decrease and narrow the gap between the controlled price and the equilibrium price. label both lines. carefully follow the instructions above and only draw the required objects. relaxing a minimum-price policy by allowing the price to decrease will

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase