Peer Influences

question 82

Multiple Choice

Peer influences

• A) can be either positive or negative.
• B) are almost always positive.
• C) are almost always negative.
• D) rarely affect social development.

---

Definitions:

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.

Shortage

A scenario where the market demand for a service or product surpasses its available supply.

Surplus

An amount of something left over when requirements have been met; an excess of production or supply.