Aerosols

question 81

Multiple Choice

Aerosols:

• A)include cloud droplets.
• B)have little effect on weather.
• C)are formed by physical processes, not chemical processes.
• D)can be either solid or liquid.

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Definitions:

Price Floor

A government-imposed minimum price that can be charged for goods or services, intended to prevent prices from falling too low.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service.

Equilibrium Price

The market price at which the quantity demanded of a good equals the quantity supplied, resulting in no surplus or shortage in the market.

Shortage

This occurs when the demand for a good or service exceeds its supply within a specific market.