In 1 or 2 sentences, explain the effect of a price floor on the quantity of a good.

A price floor is the lowest legal price that a good can be sold at, and this is usually used by a government to prevent prices from being too low. The problem with instituting a price floor is that this can create a demand shortage, which in turn can produce a supply shortage. Eventually, this leads to a drop in price that causes producers to exit the market.

the federal government of the united states was established by the constitution. us is a presidential republic. the president is head of state, head of government and of a two party legislative and electoral system. the supreme court balances the powers of the federal and the state government. yhe executive branch is headed by the oresident. there are two chambers of congress, the senate and the house of representatives. judicial power is exercised by the judicial branch (or judiciary), comprised of the supreme court and lower federal courts. the judiciary's function is to interpret the   constitution as well as the federal laws and regulations.