Examlex
Which of the following is correct when a price floor is set above the equilibrium price?
Obliged
Required or bound legally or morally to do something.
Garbage Pickup
The process or service of collecting and removing waste materials from a designated area.
Gratuitous Promise
A commitment or pledge made without expecting anything in return, often unenforceable in contract law.
Consideration
The benefit, interest, or value that must be exchanged between parties in a contract to make it legally binding.
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