A Price Floor Is

question 57

Multiple Choice

A price floor is

• A)a minimum allowable price set by government, and it causes a surplus if effective.
• B)the equilibrium price.
• C)a minimum allowable price set by government, and it causes a shortage if effective.
• D)a maximum allowable price set by government, and it causes a shortage if effective.
• E)a maximum allowable price set by government, and it causes a surplus if effective.

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Definitions:

Radio

A technology for transmitting and receiving audio content through electromagnetic waves without requiring a direct line of sight.

Receiver

In communication, the party that receives and processes a message from a sender.

Neuron

A neuron is a nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.

Neural Communication

The process by which neurons transmit information through electrical and chemical signals across synapses.