A Binding Price Floor Causes

question 98

Multiple Choice

A binding price floor causes:

• A)a shortage in the market.
• B)a surplus in the market.
• C)an efficient use of resources.
• D)equilibrium.

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable development.

Political Factors

Elements related to government policy, political stability, and laws that can affect an organization's operation.

Property Rights

Legal rights over the use, control, and transfer of property, covering both tangible (like land and objects) and intangible (such as intellectual property) assets.

Sociocultural Factors

External factors including method and style of communications, religions, values and ideologies, education standards, and social structure.