A Price Floor (Support Price) Set Above Equilibrium

question 13

Multiple Choice

A price floor (support price) set above equilibrium:

• A) is a minimum legal price set by government above equilibrium.
• B) causes the quantity supplied to exceed the quantity demanded.
• C) creates a surplus.
• D) can represent the effect of a minimum wage.
• E) all of these.

---

Definitions:

Brown V. Board Of Education

A landmark 1954 Supreme Court case that declared state laws establishing separate public schools for black and white students to be unconstitutional.

White South

A term referring to the American South's sociopolitical and cultural environment, highlighting its historical context of racial segregation and dominance by white Americans.

Supreme Court

The Supreme Court is the highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.