A price floor is -
A. the exact amount it costs to produce a good or service, without making a...
History, 20.02.2020 19:59 jaccamoboy
A price floor is -
A. the exact amount it costs to produce a good or service, without making a profit for the
producer.
B. a government-set minimum price consumers are required to pay for a good or a
service.
C. the price at which the demand for a good or service matches the supply of that good or
service.
D. an illegal market in which goods are traded at higher prices or quantities than those
set by law.
Answers: 3
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