What Is the Long-Run Consequence of a Price Floor Law

question 42

Multiple Choice

What is the long-run consequence of a price floor law?

• A) A surplus will continue to exist and will grow larger over time.
• B) A surplus will continue to exist and will grow smaller over time.
• C) A shortage will continue to exist and will grow larger over time.
• D) A shortage will continue to exist and will grow smaller over time.
• E) The amount of the surplus will not change.

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Definitions:

Well-balanced Diet

A nutritional regime that includes a variety of foods in the right proportions to sustain health and energy levels.

High-fiber

Referring to foods or diets containing a significant amount of dietary fiber, beneficial for digestive health.

Knees Bent

A position in which the knees are moved away from their straight alignment and towards the body, often to lower one's stance or prepare for an activity.

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A group of muscles in the lower back region that supports the spine and is involved in movement and stability.