hardyaaron5048
30.11.2021 •
Business
A sales commission is an example of a compensation plan.
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Ответ:
The correct answer is option D.
Explanation:
The equilibrium price of a pound of bacon is $3.50.
In order to protect the consumers, the government imposes a binding price ceiling of $1.50.
This price ceiling will create a shortage of bacon or an excess demand for bacon in the market.
Because of the law of demand and law of supply, at price lower than the equilibrium price, the quantity demanded will be higher while the quantity supplied will be lower.
This difference between quantity demanded and quantity supplied will create an excess demand in the market.