A Minimum Price, Set by the Government, That Sellers May

question 79

Multiple Choice

A minimum price, set by the government, that sellers may charge for a good is known as

• A) a price floor.
• B) a price rationing mechanism.
• C) a price ceiling.
• D) a subsidy.

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Definitions:

Intoxicated

The condition of having physical and mental faculties impaired by an excess of alcoholic drink or any substance, leading to altered mood, behavior, and coordination.

Psychoactive Drugs

Substances that alter perception, mood, consciousness, or behavior by affecting the brain's chemistry.

Synapse

Spatial junction between one neuron and another; forms the information transfer site between neurons.

Nicotine

A stimulant and addictive substance found in tobacco products that affects the nervous system.