A Price Floor Is

question 269

Multiple Choice

A price floor is

• A)a legal maximum on the price at which a good can be sold.
• B)often imposed when buyers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor.
• C)a source of efficiency in a market.
• D)a legal minimum on the price at which a good can be sold.

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Definitions:

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Fundamental objectives or targets that an individual, group, or organization aims to achieve.

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A social and political movement in the United States during the 1950s and 1960s, aimed at ending racial segregation and discrimination against African Americans.