What is a private limited company in simple terms

A private limited company is any small or medium scale business which is owned by a sole proprietor or a number of owners which are the shareholders. A private limited company is not on the stock exchange and its shares cannot be sold publicly. A private limited company has limited liability which means that the owners liability is limited to the business assets. A private limited company. A private limited company can have its own separate legal identity which would not be associated with it owner(s)

Explanation:

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.