A video production firm plans to hire a new creative director. Several applicants have the necessary technical skills. The hiring manager is now viewing the digital portfolios submitted by the applicants to determine which one should be offered an in-person interview for the creative director role. This is a:

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;

answerpublic goods;

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.