When a Binding Price Floor Is Imposed on a Market

question 205

Multiple Choice

When a binding price floor is imposed on a market to benefit sellers,

• A)no sellers actually benefit.
• B)some sellers benefit,but no sellers are harmed.
• C)some sellers benefit,and some sellers are harmed.
• D)all sellers benefit.

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Definitions:

Efferent Neuron

A type of neuron that carries signals away from the central nervous system towards the periphery to initiate action or movement.

Central Canal

The longitudinally extending space filled with cerebrospinal fluid that spans the full length of the spinal cord.

Gray Commissure

A narrow band of gray matter that connects the two halves of the spinal cord, located around the central canal.

Reflex Arc

The neurological path that mediates a reflex action, involving at a minimum, a sensory neuron, a motor neuron, and usually an interneuron.