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.

a punishment or the threat of punishment used to enforce conformity. enforcement of norms or shared rules of conduct that tell people how to act in specific situations. social control. not everyone internalizes all of society's norms, and some people must be motivated by self-fulfillment.

explanation:

with the profits from the european sales, merchants purchased europe's manufactured  goods, including tools and weapons. then the merchants shipped those manufactured  goods, along with the  american  sugar and rum, to west africa where they were bartered for  slaves.