An Example of a Price Floor Is

question 199

Multiple Choice

An example of a price floor is

• A)the regulation of gasoline prices in the U.S.in the 1970s.
• B)rent control.
• C)the minimum wage.
• D)any restriction on price that leads to a shortage.

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Definitions:

Binomial Coefficient

A value that represents the number of ways to choose a specified number of elements out of a set, often expressed as "n choose k".

Sum

The result of adding two or more numbers or quantities.

Binomial Theorem

A fundamental theorem in algebra that describes the algebraic expansion of powers of a binomial. According to the theorem, it's possible to expand the polynomial u200b\( (a + b)^n \)u200b into a sum involving terms of the form u200b\( a^k b^{n-k} \)u200b.

Expand

In mathematics, to rewrite an expression or equation in an extended form by distributing or multiplying out brackets.