A Legal Price Floor Is a

question 51

Multiple Choice

A legal price floor is a

• A) price above which there would be no demand.
• B) maximum price above which sales cannot legally be made.
• C) minimum price below which sales cannot legally be made.
• D) price set by the government at which all goods or services must be legally sold.
• E) price below which there would be no supply.

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Definitions:

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