Which of the Following Is a Characteristic of a Market

question 25

Multiple Choice

Which of the following is a characteristic of a market where a price floor is in place?

• A)The market quantity demanded exceeds the market quantity supplied.
• B)Fewer regulations are needed since the government sets the price.
• C)Fewer units are purchased than would be the case without the price floor.
• D)A smaller number of sellers than in markets without price floors.