Select the statements that are true regarding debiting and crediting. (Check all that apply.) Multiple select question. Crediting an account that exists on the right side of the accounting equation will reduce it. A credit will always decrease an asset account. For an account where a debit is an increase, the credit is a decrease. A debit or a credit can increase or decrease an account, depending on the account. A debit can increase an expense account.

answer; offer in store wine and beer samples;

answer; planning;

answer; whoever is willing and able to pay the price;

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.