A Price Floor Is

question 78

Multiple Choice

A price floor is

• A) a minimum price set by government that sellers must charge for a good.
• B) a maximum price set by government that sellers may charge for a good.
• C) the difference between the initial equilibrium price and the equilibrium price after a decrease in supply.
• D) the minimum price that consumers are willing to pay for a good.

---

Definitions:

Combo Picker

A graphical user interface element that lets users select an option from a dropdown list or type in their choice.

Content Control

A feature in software used to manage user access and document editing capabilities.

Convert Table

The process or function to change the format of a table or data set from one structure to another, often used in data management and software applications.

Text Separated

Data or content that is divided or segmented into individual parts, often for formatting, processing, or organizational purposes.