The Benefit of a Price Floor to ________ Is ________

question 80

Multiple Choice

The benefit of a price floor to ________ is ________.

• A) producers; the selling price of the product is above the equilibrium price
• B) producers; the floor creates excess demand
• C) consumers; the selling price of the product is below the equilibrium price
• D) consumers; the floor creates excess supply

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Definitions:

Language

A method of human communication, either spoken or written, consisting of the use of words in a structured and conventional way.

Frustration

An emotional response to opposition, arising from situations where a person's progress toward a goal is blocked.

Development

The process of growth and change that humans go through throughout their life, encompassing physical, cognitive, emotional, and social aspects.

Prenatal

Pertaining to the time or period before birth.