A price floor would be established in cases where the government believed the market equilibrium price would:
a. result in a surplus.
b. be too high.
c. result in a shortage.
d. be too low.
e. yield excess profits.
Question 2
A market consequence of a price floor program is that:
a. a shortage of the product will develop.
b. producers will stop supplying the product.
c. some rationing device must then be instituted.
d. a surplus of the product will develop.
e. there will be an excess demand for the product.
Floor Pattern
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Andrea Palladio, Plan of main floor (piano nobile), Villa La Rotunda.
Primary Type of Floor Framing
The Hardy–Weinberg equilibrium for autosomal genes