A Binding Price Floor Means That

question 139

Multiple Choice

A binding price floor means that:

• A) inflation is severe in this particular market.
• B) sellers are artificially restricting supply to raise price.
• C) government is imposing a maximum legal price that is typically below the equilibrium price.
• D) government is imposing a minimum legal price that is typically above the equilibrium price.

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Definitions:

Dissociative Fugue

A rare psychological state in which a person temporarily loses their sense of personal identity and impulsively wanders or travels away from their usual surroundings.

Dissociative Amnesia

Psychological disorder that involves disruptions of memory for personal facts or loss of conscious awareness for a period of time.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory, and sense of identity, formerly known as multiple personality disorder.

Severe Schizophrenia

A more intense form of schizophrenia characterized by strong symptoms such as profound disorganization of thought and behavior or severe hallucinations and delusions.