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Does a Price Floor Result in a Shortage or a Surplus

question 59

Essay

Does a price floor result in a shortage or a surplus? Why?


Definitions:

Armature

In electrical engineering, the rotating coil or coils of a dynamo or electric motor.

Brushes

Components made of conductive material that transmit electrical current between stationary wires and moving parts, often found in motors and generators.

Commutator

A rotary electrical switch in certain types of electric motors and generators that periodically reverses the direction of current flow through the rotor.

AC Generator

An alternator in a vehicle that converts mechanical energy into alternating current electricity to power electrical systems.

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