Which of the Following Is a Characteristic of a Market

question 25

Multiple Choice

Which of the following is a characteristic of a market where a price floor is in place?

• A)The market quantity demanded exceeds the market quantity supplied.
• B)Fewer regulations are needed since the government sets the price.
• C)Fewer units are purchased than would be the case without the price floor.
• D)A smaller number of sellers than in markets without price floors.

---

Definitions:

Appadurai's Landscapes

Arjun Appadurai's concept of fluid, global cultural flows affecting identity, economy, and politics, categorized into ethnoscapes, mediascapes, technoscapes, financescapes, and ideoscapes.

Nation-States

Political entities consisting of a clearly defined territory and a government that has sovereignty over its internal and foreign affairs.

Disjunctures

Points of disruption or disconnection within societal systems or between personal expectations and reality.

Technoscapes

Refers to the global landscape of technology, emphasizing how technological flows across borders shape cultures and interactions.