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Author Question: Which of the following best describes a legal price floor? (Read 44 times)

lauraleepop

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on: Oct 12, 2022

Question 1

An economic phenomena often observed in the immediate aftermath of natural disasters that pits market efficiency against social responsibility is
◦ increased healthcare cost.
◦ cleanup effort.
◦ emergency relief.
◦ government tax break.
◦ price gouging.

Question 2

Which of the following best describes a legal price floor?
◦ a price below which there would be no supply
◦ a price set by the government at which all goods or services must be legally sold
◦ a minimum price below which sales cannot legally be made
◦ a price above which there would be no demand
◦ a maximum price above which sales cannot legally be made
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lauraleepop on Oct 12, 2022

katrey9207

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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