Alittle exchange economy has just two consumers, named ken and barbie, and two commodities, quiche and wine. ken's initial endowment is 3 units of quiche and 2 units of wine. barbie's initial endowment is 1 unit of quiche and 6 units of wine. ken and barbie have identical utility functions. we write ken's utility function as, u(qk, wk) = qkwk and barbie's utility function as u(qb, wb) = qbwb, where qk and wk are the amounts of quiche and wine for ken and qb and wb are amounts of quiche and wine for barbie.

the best answer is c. has a low lpc score.good luck

explanation:

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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.

the answer is d. many career choices to make.