Questions

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

Glaucoma is usually caused by high pressure on the optic nerve which leads the loss of eye sight.

Centrifugal force is the fictitious force that pulls out from the center on the body we feel while moving in the circular path. It increases with the rate of rotation of the axis i.e, acceleration of the body.