What statement about price floors is correct? A. price floors lower both supply and demand
B. price floors increase both supply and demand
C. price floors lower demand and increase supply
D. price floors increase demand and decrease supply

C. price floors lower demand and increase supply

Explanation:

"Price floors" are set by the government in order to prevent the prices of goods from going lower. This is meant to protect the sellers; thus, when this happens, more sellers are inclined to produce more products. This means that the supply increases. Since the product price is sometimes set more than the equilibrium price, the consumers are drawn away from buying the good and find alternative goods instead. So, this decreases the demand and creates a surplus.

hello,

answer: a federal government has final authority on interstate/inter provincial  and international affairs, a confederation is one where the central/national government or authority is governing body what does not have final say over the same matters. hopefully this and i will try again if you don't like this answer : )

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