When the government sets an effective price floor

Explanation:

A price floor, if set above the market equilibrium price, means consumers will be forced to pay more for that good or service than they would if prices were set on free market principles. Governments set price floors for a number of reasons, but the typical result is an increase of supply and decreased demand.

answer; the above statement is true ( correct );

renewable resources- resources that can be replenished (such as trees)

nonrenewable resources- resources that are gone once they are used (such as fossil fuels)

producer-person who makes goods or provides services

consumer- person whose wants are satisfied by using goods and services

allocate- distribute

choice- option

(hope this ! )