Suppose that a credit card holder transfers ownership of his cell phone to his sister, who soon thereafter drops the phone in water and destroys it. Even if the credit card holder has credit card-related cell phone replacement insurance, he would most likely not be able to recover the value of the phone, since he did not have a(n) interest in the phone.

you had the wrong answer

2b2t

explanation:

2b2t

answer; sensory adaptation;

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.