A Nonbinding Price Floor

question 195

Multiple Choice

A nonbinding price floor
I.causes a surplus.
II.causes a shortagE.
III..is set at a price above the equilibrium pricE
IV.
Is set at a price below the equilibrium pricE.​

• A)​(iii) only
• B)​(iv) only
• C)​(i) and (iii) only
• D)​(ii) and (iv) only

---

Definitions:

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups.

Violence

Behavioral expressions of aggression that can manifest physically, emotionally, or psychologically, aiming to harm others or oneself.

Gender Roles

Roles, behaviors, activities, and characteristics that society deems suitable for males and females, as constructed by social norms.

Biological Determinism

Explanations that attribute complex social phenomena to physical characteristics.