December 3 – vogel corporation sold inventory on account to hatcher corp. for $492,000, terms 1/10, n/30. this inventory originally cost vogel $309,000. december 8 – hatcher corp. returned inventory to vogel corporation for a credit of $3,200. vogel returned this inventory to inventory at its original cost of $2,010. december 12 – hatcher corp. paid vogel corporation for the amount owed. required: prepare the journal entries to record these transactions on the books of vogel corporation. what is the amount of net sales to be reported on vogel corporation’s income statement? what is the vogel corporation’s gross profit percentage?

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.

false is correct i hope.

i might be