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In Fig.(a) , max B.M. will be
Price Floor
A government-imposed minimum price charged on a product, below which it cannot be sold to prevent market prices from falling too low.
Surplus
An excess of revenues over expenses in a budget, or an excess of goods or materials than what is needed.
Price Floor
A government-imposed minimum price that can be charged for a good or service, aimed at preventing prices from falling too low.
Quantity Supplied
Refers to the amount of a good or service that producers are willing to sell at a given price over a specific period.
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