Examlex
A price floor that sets the price of a good above market equilibrium will cause:
Observed Facts
Information or knowledge directly perceived or convincingly ascertained through the process of observation and empirical investigation.
Scientists
Individuals engaged in systematic activities to acquire knowledge about the natural world through observation and experimentation.
Correspondence Theory
A theory of truth stating that the truth or falsehood of a statement is determined by how it relates to the world and whether it accurately describes (corresponds with) that world.
Objective Truth
Truth independent of our personal opinions and demonstrably true to anyone (who is in the proper position to observe, who has the right testing equipment, and so on).
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