Examlex
Which of the following statements is false?
Surplus
The excess of supply over demand in a market, resulting in lower prices.
Shortage
A situation in which demand for a product exceeds its supply in a market.
Price Floor
A government- or authority-imposed minimum price that can be charged for a particular good or service, intended to prevent prices from falling below a certain level.
Price Controls
Government-imposed limits on the prices that can be charged for goods and services in a market, aimed at managing the affordability of these goods and services.
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