Now the Thain of the Shire hears loud complaints from Farmer Maggot, Tobold Hornblower and other pipeweed growers that they are about to go bankrupt because of low pipeweed prices so he places a price floor on pipeweed above the equilibrium price. Draw the pipeweed market showing market price, equilibrium price, quantity demanded and quantity supplied. What condition results from the price floor and how would you calculate it

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided