If a Binding Price Floor Is Imposed on the Video

question 118

Multiple Choice

If a binding price floor is imposed on the video game market, then

• A)the demand for video games will decrease.
• B)the supply of video games will increase.
• C)a surplus of video games will develop.
• D)a shortage of video games will develop.

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Definitions:

Genetic Inheritance

The process by which genetic information is passed on from parents to their offspring, determining traits and predispositions.

Biological Evolution

The process through which different kinds of living organisms are believed to have developed from earlier forms during the history of the earth.

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Genotype

The genetic makeup of an individual organism, determining inherited characteristics.