Figure 2.2.1 -Refer to Figure 2.2.1 Above. If the Price of $1.50

question 13

Multiple Choice

Figure 2.2.1
-Refer to Figure 2.2.1 above. If the price of $1.50 is a price imposed by the government, we can call it:

• A) a price floor.
• B) a price ceiling.
• C) a socially optimal equilibrium price.
• D) a fiscal price.

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