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A Price Floor Is _____ If It Is Set _____

question 323

Multiple Choice

A price floor is _____ if it is set _____ the market price.


Definitions:

Abstract

Existing in thought or as an idea but not having a physical or concrete existence.

Concepts

Cognitive units of meaning that are abstract, generalized ideas or categories representing objects, qualities, or relations.

Referents

Objects or concepts in the world that words or phrases stand for or represent in language and thought.

Genus

A term in taxonomy representing a higher classification grouping that consists of similar species.

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