If a Binding Price Floor Were Placed in the Market

question 83

Multiple Choice

If a binding price floor were placed in the market in the graph shown:

• A) quantity demanded would exceed quantity supplied.
• B) quantity supplied would exceed quantity demanded.
• C) the demand curve would have to shift.
• D) the supply curve would have to shift.

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Definitions:

Facial Expressions

Observable movements of the facial muscles that convey emotional states or reactions to stimuli.

Smile Meaning

The implied or expressed significance of a smile, which can vary from happiness, friendliness, sarcasm, to contempt, depending on cultural and situational contexts.

Basic Emotions

Fundamental emotions that are theorized to be universally experienced by humans across cultures, such as happiness, sadness, fear, disgust, surprise, and anger.

Basic Emotions

A set of universal emotions that include happiness, sadness, fear, disgust, anger, and surprise.