The manager of a sporting goods store instructs her employees to greet at least 80% of customers who enter the store. Each day, approximately 250 customers visit the store. An employee decides that, to comply with the manager’s directive, he must greet at least 170 customers each day as they enter the store. The employees calculations are: 250 – 80 = 170 Which description best explains whether the employee correctly calculated the minimum number of customers who must be greeted?

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; rapid growth in buyer demand and high buyer switching cost;

answer; ///liability;

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.