The Code > Is A(n) _______

question 11

Multiple Choice

The code > is a(n) _______ .

• A) meta element
• B) numeric character reference
• C) semantic element
• D) named character reference

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Definitions:

Price Floor

A government or regulatory-imposed minimum price below which a good or service cannot legally be sold, intended to protect producers.

Binding Price Floor

A government-imposed price control that sets a minimum price for a good or service, which is above the equilibrium price, causing a surplus.

Excess Supply

A situation in a market where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers at a current price, leading to potential downward pressure on prices.

Market Outcome

The result of interactions between buyers and sellers in a market that determines the quantity sold and the price at which it sells.