In Order to Be Effective, a Price Floor

question 305

Multiple Choice

In order to be effective, a price floor

• A)must be set below equilibrium price.
• B)must be set above equilibrium price.
• C)must be set at equilibrium price.
• D)must be a zero price.

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Definitions:

Negative Thinking And Biases

Patterns of thought that involve pessimistic perceptions, expectations, or interpretations of oneself, others, and the world.

Challenge Automatic Thoughts

In cognitive therapy, this involves questioning and testing the reality of negative thoughts and assumptions.

Black-and-white Terms

Describing situations or thinking in absolute terms, without acknowledging the complexities or grey areas that may exist.

Automatic Thoughts

Numerous unpleasant thoughts that help to cause or maintain depression, anxiety, or other forms of psychological dysfunction.