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Use the Following to Answer Question 73

question 157

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Use the following to answer question 73: Use the following to answer question 73:   -Suppose that the government sets a price floor of $2.85 per kilogram on corn when the current price is $2.55.This price floor will: A)  cause a surplus of corn. B)  cause a shortage of corn. C)  have no immediate effect on the price of corn. D)  increase the supply of corn.
-Suppose that the government sets a price floor of $2.85 per kilogram on corn when the current price is $2.55.This price floor will:


Definitions:

Reflexive Responses

Automatic reactions to certain stimuli that do not involve conscious thought.

Limbic System

Group of structures deep in the brain that function in emotion.

Emotions

Complex psychological states that involve physiological arousal, feelings, cognitive processes, and behavioral reactions.

Synaptic Cleft

The tiny gap at a synapse where neurotransmitters are released from one neuron to signal the next neuron.

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