A Minimum Price Set Above the Equilibrium Price Is A

question 179

Multiple Choice

A minimum price set above the equilibrium price is a:

• A) demand price.
• B) supply price.
• C) price floor.
• D) price ceiling.

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The discipline of learning about how societies use scarce resources to produce valuable commodities and distribute them among different people.

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The extra advantage gained from a single unit rise in a specific action.