The Most Likely Impact of an Effective Price Floor Is

question 108

Multiple Choice

The most likely impact of an effective price floor is:

• A) the supply curve will shift to the right.
• B) the demand curve will shift to the left.
• C) a surplus will develop.
• D) a shortage will develop.

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Definitions:

Stereotype

A fixed and oversimplified image or idea of a particular type of person or thing, often based on limited or biased information.

Stereotypes

Oversimplified and widely held beliefs or generalizations about a particular group of people, which may not accurately reflect reality.

Assumptions

Beliefs or statements taken for granted without proof.

Attitude

A settled way of thinking or feeling about something, typically reflected in a person's behavior.