One of the Effects of a Price Floor (Set Above

question 112

Multiple Choice

One of the effects of a price floor (set above equilibrium price) is

• A)a surplus.
• B)higher-quality goods are produced.
• C)more satisfied customers.
• D)a shortage.

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Definitions:

Canada Labour Code

A set of laws governing labor relations and workplace standards within Canada, applying to employees in federally regulated sectors.

Unlawful Picketing

The act of demonstrating or protesting in a manner that is not permitted by law, often in a labor dispute context.

Adequate Wage

Compensation for labor that meets or exceeds the minimum level necessary for basic living expenses.

Good Faith Bargaining

The principle of negotiating honestly and sincerely without the intention to deceive.