In year 1, Smith, a divorced person, provided over one half the support for his widowed mother, Ruth, and his son, Clay, not of whom as US citizens. During year 1, Ruth did not live with Smith. She received $9000 in social security benefits. Clay, a 25 year old full time graduate student, and his wife lived with Smith. Clay had no income but filed a joint return for year 1, owing an additional $500 on taxes on his wife's income. How many exemptions was Smith entitled to claim on his year 1 tax return? a. 1
b. 3
c. 4
d. 2

the new gas bill will be 0

answer; realistic job preview;

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.