Answer to Question #25438 in Macroeconomics for Jimmy Vo
maintained at a given level by controlling supply and demand.
examples of setting a fixed price can be:
- establishment of exchange rate of the national currency against the currencies of other countries price
- fixing at the conclusion of futures contracts
- government regulation of prices in the tobacco industry
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!