In 2019, amanda and jaxon stuart have a daughter who is 1 year old. the stuarts are full-time students and they are both 23 years old. their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs. what is their earned income credit in the following alternative scenarios if they file jointly? use exhibit 8-10. (leave no answer blank. enter zero if applicable.) a. their agi is $15,800, consisting of $5,400 of capital gains and $10,400 of wages.

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.