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Use the following to answer question:
-(Figure: Price Controls) Use Figure: Price Controls.A price floor has been set at point b.The area of deadweight loss that results from this price floor is:
Minor
An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.
Liable
Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.
Misrepresents
Providing false or misleading information or statements.
Legal Right
A legal right is an entitlement or permission backed by law or legal principles.
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