Examlex
Which of the following is not a possible outcome of social participation?
Minimum Imposed Price
A price floor set by the government or other regulatory body, above the equilibrium price, to prevent prices from falling too low.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer satisfaction.
Producer Surplus
The difference between what producers are willing to accept for a good and the actual amount they receive.
Minimum Imposed Price
A price floor set by the government or an agency, below which the price of a product cannot legally fall.
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