Multiple Choice
Which of the following characterizations is correct?
A) Rent control and the minimum wage are both examples of price ceilings.
B) Rent control is an example of a price ceiling and the minimum wage is an example of a price floor.
C) Rent control is an example of a price floor and the minimum wage is an example of a price ceiling.
D) Rent control and the minimum wage are both examples of price floors.
Correct Answer:
Verified
Correct Answer:
Verified
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