Laura's father, albert, gave laura a gift of 500 shares of liba corporation common stock in 2017. albert's basis for the liba stock was $4,000. at the date of this gift, the fair market value of the liba stock was $3,000. if laura sells the 500 shares of liba stock in 2018 for $3,500, what is the reportable gain or loss in 2018?

88 because 4 plus 4 equals 8. 40 plus 40 equals 80. 80 plus 8 equals 88

answer; dogs;

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.