b. below the equilibrium price, causing a surplus.
c. above the equilibrium price, causing a surplus.
d. below the equilibrium price, causing a shortage.
Answer:
C. Above the equilibrium price, causing a surplus.
Explanation:
They can be said to be the government polices imposed that been used in the system of buying and selling to manipulate the market. A binding price ceiling is when the price ceiling that is set by the government is below the prevailing equilibrium price. For example, if the equilibrium price for rent was $100 per month and the government set the price ceiling of $80, then this would be called a binding price ceiling because it would force landlords to lower their price from $100 to $80.
Answer:
a. above the equilibrium price, causing a shortage.
Explanation:
A price floor is binding when it is set above the equilibrium price, causing a shortage.
A price floor is the lowest legal price that can be paid in a market for goods and services, labor, or financial capital. When a price floor is set, government purchase the excess product in the market so as to maintain the new price thus resulting in a shortage of the product.
A party's National Convention is e term used in U.S. politics to refer to a meeting of the two major U.S. political parties: the Democratic National and the Republican. In such conventions participate apportioned a number of voting representatives, known as delegates, whose size is determined by factors such as population, the proportion of that state’s Congressional representatives and state officials.
During these conventions it is adopted the statement of party principles and goals, commonly called a platform, setting as well the rules for the party’s electoral activities. However, the most important event that happens at a party's National Convention, which represents their formal purpose, is to select the party’s nominee for President of the United States.
The Electoral College is a method used in the United States to elect the President and Vice President.
It operates on the principle of each state being allocated a certain number of electors based on its representation in Congress. The electors are chosen by the state, and they cast their votes for the presidential candidate who won the popular vote in that state.
The belief in the Electoral College being the most democratic way to elect the President and Vice President is a matter of debate. Supporters argue that it balances the influence of densely populated states against less populous ones, ensuring that smaller states have a say in the election process.
Read more on electoral college here brainly.com/question/9027621
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Governor
Federal judge
Vice president
Answer:
congress
Explanation:
The power is to admit “new States into this Union.” “This Union” was and is a union of States, equal in power, dignity and authority. To maintain otherwise would be to say that the Union, through the power of (CONGRESS) to admit new States, might come to be a union of States unequal in power