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If a price floor is not binding, then
Absolute Threshold
The minimum level of stimulus intensity needed for a stimulus to be perceived or detected at least half the time by an observer.
Perceptual Invariance
The ability to perceive the unchanging properties of objects (shape, size, brightness, color) despite variations in the sensory input.
Absolute Threshold
The smallest amount of stimulation needed for a stimulus to be detected by the senses 50% of the time.
Just Noticeable Difference
The minimum difference in stimulation that a person can detect 50% of the time.
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