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-A)Is a Price of $26 a Price Ceiling or a Price

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Short Answer

  -A)Is a price of $26 a price ceiling or a price floor? B)Is there a shortage or a surplus? C)How much is it?
-A)Is a price of $26 a price ceiling or a price floor?
B)Is there a shortage or a surplus?
C)How much is it?

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Dishabituation

A renewal of response to a stimulus following a period of habituation, often due to the introduction of a novel stimulus.

Primary Circular Reaction

In Piaget’s theory, repeating an action that produced a chance event involving the infant’s body.

Mental Representations

Internal images, ideas, concepts, or thoughts that represent external reality or abstract notions within the mind.

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