Suppose the Government Imposed a Minimum Price in a Market

Multiple Choice

Suppose the government imposed a minimum price in a market and a reporter for a local newspaper wrote a story on it. The headline on the story would read:

A) Government Action Calls For Ration Coupons
B) Rationing Price Replaces Market Price
C) Price Ceiling Replaces Equilibrium Price
D) Price Floor Replaces Equilibrium Price
E) Equilibrium Price Lowered