A Market Consequence of the Establishment of a Price Floor

question 12

Multiple Choice

A market consequence of the establishment of a price floor program is that price will be:

• A) too low, and an excess supply will result.
• B) too low, and a shortage will result.
• C) too high, and an excess supply will result.
• D) too high, and a shortage will result.
• E) below the market equilibrium price.

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Definitions:

Negative Symptoms

Features of certain mental health conditions characterized by the absence or diminution of normal behaviors or emotions, such as apathy or lack of speech.

Schizophrenia

An intense psychological condition defined by changes in thought processes, awareness, emotions, communication, self-concept, and conduct.

Behavioural Deficits

Lacking or reduced abilities in specific behaviors, often compared to a norm or expected standard.

Prognosis

Prognosis is the likely outcome or course of a disease, often regarding the chances of recovery.