Why Are Binding Price Floor Laws Passed

question 9

Multiple Choice

Why are binding price floor laws passed?

• A) They make goods less expensive.
• B) They make goods available to the largest number of customers.
• C) They encourage producers to produce goods in the most cost-efficient fashion.
• D) They help producers receive higher prices for products sold in the legal market.
• E) They discourage the formation of illegal black markets.

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Definitions:

Irritability

A state of increased sensitivity or reactivity to stimuli, often resulting in quick tempered or grumpy responses.

Ileostomy

A surgical procedure where a piece of the ileum is diverted to an artificial opening in the abdominal wall, allowing waste to leave the body.

Ostomy Appliance

A medical device used to collect waste from a surgically created opening in the body, such as from the intestines or urinary system.

Soapsuds Enema

A rectal procedure involving the introduction of a soapy solution into the colon to induce bowel movements and relieve constipation.