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How should you decide what to write on your notecards? What is the outcome of using well-prepared notecards?
Price Floors
A minimum price set by the government, above which a particular good or service can be traded in the market.
Sellers
Individuals or entities that offer goods or services in exchange for money or other compensation.
Binding Price Floor
A price floor set above the equilibrium market price, causing a surplus by preventing the market price from falling to its equilibrium level.
Sellers
Individuals or entities that offer goods or services for sale to potential buyers.
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