The Presence of Price Floors in a Market Usually Is

question 72

Multiple Choice

The presence of price floors in a market usually is an indication that:

• A) there is an insufficient quantity of a good or service being produced.
• B) the forces of supply and demand are unable to establish an equilibrium price.
• C) sellers of the good or service outnumber the buyers.
• D) policymakers believe the price floor does not involve inequities.

---

Definitions:

Commonly Accepted Practice

A procedure or method widely regarded and adopted by professionals within a particular field as appropriate or effective.

Mammography

A diagnostic technique using X-rays to detect abnormalities in the breast tissue, such as tumors or cysts.

Research Process

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Literature Review

A comprehensive survey of scholarly articles, books, and other sources relevant to a specific topic or research question.