The Presence of Price Floors in a Market Usually Is

question 72

Multiple Choice

The presence of price floors in a market usually is an indication that:

• A) there is an insufficient quantity of a good or service being produced.
• B) the forces of supply and demand are unable to establish an equilibrium price.
• C) sellers of the good or service outnumber the buyers.
• D) policymakers believe the price floor does not involve inequities.

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