A Price Floor Is

question 212

Multiple Choice

A price floor is

• A) the highest possible legal price that can be charged for a good or service.
• B) usually equal to the equilibrium price established before the government imposed the price floor.
• C) the lowest legal price at which a good or service can be traded.
• D) a legal price of zero that can be charged for a good or service.
• E) almost always equal to the price ceiling.

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