Business, 05.06.2021 22:20 roseemariehunter12
What is the difference between a price floor and a price ceiling?
a. A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
b. A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
c. A price ceiling below the equilibrium price has no effect.
d. A price floor above the equilibrium price has no effect.
Answers: 3
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What is the difference between a price floor and a price ceiling?
a. A price floor is the minimum p...
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