Question

Which of these is an example of the line marked "Artificial Price"?

Farm subsidies

Market price

Minimum wage

Rent controls

i said farm.

Answer 1

ok now can you tell me what Artificial means (I all ready know what it means but I want you to tell me because I think your wrong..)

Answer 2

artificial means that its not natural and made from man (humans.)

Answer 3

exactly

Answer 4

now what does price mean??

Answer 5

?? @shelbsdaye are you there??

Answer 6

how much money that product or something costs

Answer 7

ok good now so if you have Artificial price… means what??

Answer 8

its a fake price made by man.?

Answer 9

yes sort of its not really fake

Answer 10

okay. but its artificial so the price is made up by man.

Answer 11

exactly

Answer 12

Now I see were your coming from when you pick "A" but why?? (I'm just help you out if your teacher asks) (you never know)

Answer 13

(helping)

Answer 14

omg i totally forgot to add the graph.... sorry.

Answer 15

now looking at the graph do you want to change your answer or keep it "A"??

Answer 16

And no worries

Answer 17

i should probably change my answer cuz i kinda guessed at first but idk.

Answer 18

But why do you think its "A"??
You have to know the logic be hide the answer before you answer it.

Answer 19

well at first i guessed then i tried to figure out why and i said because the cost of the farming is managed by the government and it controls the price of the supply and cost of the farm subsidies.

Answer 20

thanks for the medal.

Answer 21

(sorry this is taking long but your learning) Now what does Subsidies mean??

Answer 22

money that is given by the government

Answer 23

exactly
now think really hard on what farm subsidies means

Answer 24

i think is when the government is giving or granting money for the farming industry... right?

Answer 25

yea…. sooooo then what do is really mean???

Answer 26

(want a hint)

Answer 27

yes.

Answer 28

ok so man is paying the subsidy of farming.

Answer 29

listen if artificial prices means prices made by man then you can't really involve the government…
(and can you tell me what grade you are in???)

Answer 30

im a senior.

Answer 31

I think you should stick with "A" (unless you think I'm right)
wow i've been helping a senior.. O.O

Answer 32

haha well technically im a junior. but im going to be a senior. what do you think your answer is?

Answer 33

to be honest I think your right and please don't get mad at me if I wasted your time telling me what you think means you know

Answer 34

its fine. lol it made me think.

Answer 35

haha and if you had to know im a freshman!