Examlex
According to ________________crime occurs when three factors are present: a likely offender,a suitable target,and the absence of a capable guardian.
Producer Surplus
The difference between the amount producers receive from selling a good or service and the minimum amount they would accept for that good or service.
Price Floor
A price floor is a government- or authority-set minimum price below which a particular good or service cannot legally be sold, aiming to prevent prices from falling too low.
Widgets
A generic term commonly used to refer to an unspecified, fictional product used in examples and economic theory.
Price Floor
A minimum price set by the government for certain goods and services that cannot legally be lowered, often above the equilibrium price.
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