The Harmful Effect of a Price Floor to ________ Is

question 171

Multiple Choice

The harmful effect of a price floor to ________ is ________.

• A) producers; the selling price of the product is below the equilibrium price
• B) producers; the floor creates a surplus of the product
• C) consumers; the selling price of the product is below the equilibrium price
• D) consumers; the floor creates a shortage of the product

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Definitions:

Ecchymoses

The medical term for discolorations resulting from bleeding underneath the skin; larger than bruises.

Anomalies

Deviations or departures from what is considered normal or expected.

Blister

A small pocket of body fluid within the upper layers of the skin, usually caused by friction, burning, or other damage.

Lighten

To make or become less heavy, serious, or intense.