Because a Price Floor Causes

question 102

Multiple Choice

Because a price floor causes:

• A) a shortage, some form of rationing must occur.
• B) a surplus, some producers may ultimately lose because they won't have enough customers.
• C) a shortage, rent-seeking will occur.
• D) a surplus, everyone will be better off.

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Definitions:

Express Trust

A trust created either while the settlor is alive or by will.

Created

Brought into existence; originated or produced something new.

Family Waqf

An endowment made by a Muslim for religious, educational, or charitable purposes, typically for the benefit of family members.

Trust System

A legal arrangement in which trustors entrust their assets to trustees for the benefit of beneficiaries according to the terms specified in the trust agreement.