Figure 6-7 
-Refer to Figure 6-7.Suppose a price floor of $8 is imposed on this market.As a result,
Definitions:
Original Owner
The first or initial owner of an item or property.
Primarily Contractual
Pertaining mainly to agreements made between parties that are enforceable by law.
Run With The Land
Legal principle indicating that certain rights and obligations attached to a piece of land transfer with the property from one owner to the next.
Purchaser
A person or organization that purchases products or services.
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