Examlex
Which of the following statements is FALSE?
Price Floor
A minimum price set by the government or a regulatory body, below which a good or service cannot legally be sold.
Wheat
A cereal grain that is a staple food globally, used for a variety of food products, including bread, pasta, and pastry, due to its versatility and nutritional value.
Surplus
An excess of supply over demand in a market, typically leading to lower prices.
Price Floor
A government or group-imposed price control that sets the minimum allowed price for a particular good or service, intended to ensure fair conditions for producers.
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