A Price Floor Is

question 20

Multiple Choice

A price floor is

• A)a minimum price set by government.It causes a surplus if effective.
• B)the equilibrium price.
• C)a minimum price set by government.It causes a shortage if effective.
• D)a maximum price set by government.It causes a shortage if effective.
• E)a maximum price set by government.It causes a surplus if effective.

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Definitions:

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