Determine Whether the Following Is Valid or Invalid

question 34

Short Answer

Determine whether the following is valid or invalid:
I finally discovered the mystery of why hard beds are good for you.Here's the story:If you have a hard bed,then you cannot stay comfortable for long periods,and when you can't stay comfortable for long periods you roll around a lot.If you roll around a lot,then your joints don't ache from being in one position too long.Therefore,if your joints ache in the morning from sleeping too long in one position,then you don't have a hard bed.

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Definitions:

Government Intervention

Actions taken by the government to influence or directly regulate economic activity, markets, or distribution of resources.

Price Ceiling

A legal maximum on the price at which a good can be sold.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive.

Excess Demand

A situation where the quantity demanded of a good or service exceeds its quantity supplied at a particular price.