Use the Following to Answer Question

question 32

Multiple Choice

Use the following to answer question:
Figure: The Shrimp Market
-(Figure: The Shrimp Market) Look at the figure The Shrimp Market. If the government wants to limit shrimp sales to 500 pounds, it can impose a price:

• A) floor of $15.
• B) floor of $10.
• C) ceiling of $10.
• D) floor of $15 or ceiling of $10.

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Definitions:

Installment Loans

Loans that are repaid over time with a set number of scheduled payments, commonly used for items like cars and large appliances.

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, facilitating the flow of funds in the economy, such as banks or credit unions.

Insurance Companies

Entities that provide financial protection and reimbursement of damages to individuals and businesses in exchange for premiums.

United States Treasury

The department of the federal government responsible for managing national finances, including producing currency, collecting taxes, and issuing government debt.