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:

Value Assignment

The process of assigning a specific value to a variable or property in programming or data entry.

Auto Fill Options

Features in spreadsheet and database applications that automatically fill cells with data based on patterns or predefined criteria.

Destination Area

The target location to which data is moved or copied in a document or application.

Source Area

The specific location from which data is obtained or derived, often referring to a section of code or a data input field.