isted below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 678 Building and equipment 939 Cash 49 Interest receivable 33 Inventory 21 Land 155 Notes receivable (long-term) 476 Prepaid rent 23 Supplies 12 Trademark 40 Accounts payable 613 Accumulated depreciation 70 Additional paid-in capital 481 Dividends payable 21 Common stock (at par) 13 Income tax payable 59 Notes payable (long-term) 839 Retained earnings 294 Deferred revenue 36 TOTALS 2,426 2,426 What would Symphony report as total shareholders' equity

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.