Both Price Supports and a Price Floor Can

question 232

Multiple Choice

Both price supports and a price floor can

• A) create a deadweight loss.
• B) decrease output below the equilibrium quantity.
• C) decrease the price below the equilibrium price.
• D) increase consumer surplus.
• E) have no effect on producer surplus.

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Definitions:

Innate

Refers to qualities, abilities, or knowledge that are present in an individual from birth.

Visual Cliff

An experimental apparatus used to study depth perception and fear of heights in infants and young animals.

Monocular Cues

Visual cues to depth or distance, which can be used by one eye alone.

Binocular Cues

Visual information taken in by both eyes that enables perception of depth, distance, and 3D characteristics of objects.