History, 11.10.2020 22:01 Schoolwork100
What is the difference between a price floor and a price ceiling?
A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
A price ceiling below the equilibrium price has no effect.
A price floor above the equilibrium price has no effect.
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What is the difference between a price floor and a price ceiling?
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