They were called nomads because they were always on the move and never had a home land.
I hope this helps
Answer:
Critics would point out that binding price floors cause excess supply of the good.
Explanation:
A binding price floor is a minimum price on a good or service, imposed by the government, that is above the market price. Binding price floors are common in agricultural policy, and in wage policy (minimum wage).
A binding price floor causes excess supply because it makes suppliers produce more than the amount consumers demand. Because the price cannot go any lower where supply and demand meet, this excess supply continues to exist, and in the case of agricultural products, is often stored for future times, or even left to rot away.
