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:

Political Organization

Structures and systems that societies develop to make and implement decisions, often including governments, parties, and other entities that regulate social order.

Oldest Form

The earliest version or manifestation of something, often referring to cultural practices, languages, or biological species.

Impose Will

The act of enforcing one's own desires or decisions upon another individual or group, often without their consent.

Power

The ability or capacity to act or do something effectively, often implying control over resources, influence over others, or strength.