Which of the Following Results from a Binding Price Floor

question 24

Multiple Choice

Which of the following results from a binding price floor?

• A)Equilibrium
• B)Excess demand
• C)Excess supply
• D)Shortage

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Definitions:

Base Class

In object-oriented programming, a class from which other classes are derived, providing foundational attributes and behaviors.

Derived Class

In object-oriented programming, a class that inherits properties and behavior from a parent class.

True Object-oriented Language

A programming language that inherently supports and enforces the principles of object-oriented programming such as encapsulation, inheritance, and polymorphism.

Object-oriented Structure

A programming paradigm based on the concept of "objects", which contain data in the form of fields and code in the form of procedures or methods.