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What Condition Is Necessary for a Price Floor to Have

question 16

Essay

What condition is necessary for a price floor to have an impact on a market? Describe two effects that a price floor can have on a market.


Definitions:

Covalent Bond

A chemical bond formed by the sharing of one or more pairs of electrons between atoms, contributing to the molecule's stability.

Hydrogen Bond

A slight bond between two molecules due to the electrostatic draw between a proton in one and an electronegative atom in the opposite molecule.

Atoms

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, and electrons orbiting the nucleus.

Proteobacteria

Largest bacterial lineage; members show a wide range of metabolic diversity.

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