A $2 Maximum Price on a Gallon of Gasoline Would

question 191

True/False

A $2 maximum price on a gallon of gasoline would be an example of a price floor.

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Definitions:

Cut

To reduce or decrease the size, amount, or number of something.

Discount

A reduction from the usual cost of something, typically for promotional reasons or to incentivize purchase.

Article

A written composition on a particular topic, often published in a newspaper or magazine.

Discount Period

The window of time in which a payment can be made at a reduced rate.