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You overhear two people talking after they see two gay parents attending their adopted child's "back to school night." One says, "I feel really sorry for their daughter; she would be better off being raised in a single-parent family with no father in the picture rather than in a family with two fathers." The other agrees and adds, "She is going to be all screwed up." Is there research evidence to support any of their claims?
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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