Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)With a price floor, the market will not clear.
• B)With a price floor, consumers will buy less of the good than they would in a free market.
• C)With a price floor, producer surplus will always increase.
• D)With a price floor there will be excess supply.

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Definitions:

Preschoolers

Young children who are in the age range of about 3 to 5 years old, typically not yet attending kindergarten but may be involved in early childhood education programs.

Imaginary Creatures

Fictional beings or monsters conjured by the imagination, often found in mythology, folklore, and modern fantasy.

Gender-typed Toys

Toys that are marketed or perceived to be suitable for one gender over the other, influencing children's socialization and play preferences according to societal gender norms.

15-36 Months

A developmental period in early childhood, focusing on significant growth in motor skills, language acquisition, and social understanding.