Identify the part of speech of each italicized and bold-printed word or group of words by placing the appropriate abbreviations in the blanks.
In the center of the park stood the statue of Washington. _________, _________.
Definitions:
Consumer Taste
The preferences and expectations of consumers regarding products and services, which can influence their buying behavior.
Price Ceilings
A government-imposed limit on the price charged for a product to prevent prices from rising to a certain level above equilibrium.
Price Floors
Government or regulatory-set minimum prices for goods or services, aimed at preventing prices from falling too low.
Price
The cost involved in purchasing a specific good or service.
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