An analyst at an smart phone company is trying to find out the production targets of a competitor based on information about their supply chain. the competitor makes three phones: one uses 2 cpus, 1 communications board and 2 cameras; a second uses 1 cpu, 2 communications board and 1 camera; and the third uses 1 cpu, 1 communications board and 1 camera. they have supply orders for 450,000 cpus, 300,000 communications boards, and 350,000 cameras. how many of each product do you think the competitor is planning on producing?

answerbland allison silver purchase act);

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.