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Under the conditions known as El Niño, the inorganic nutrient content of the seawater off the coast of Peru declines to very low levels. What effect will this likely have on marine life in the area?
Price Floor
A government- or authority-imposed minimum price that can be charged for a commodity, to prevent prices from dropping too low.
Lettuce
A leafy green vegetable, commonly used in salads and other dishes, known for its crisp texture and mild flavor.
Equilibrium Price
The equilibrium price where goods supplied and goods demanded are in balance.
Price Floor
A government- or authority-imposed minimum price on goods or services, below which they cannot be sold, usually set to prevent market prices from falling too low.
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