Suppose the market price of corn is $5 a bushel but the government sets a price of $7. as a

a. the private demand will increase over time until $7 is the market price.
b. the government must purchase the surplus to maintain the price.
c. there is a shortage of corn.
d. farmers will reduce planting until the market price is $7.

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.