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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 6: Price Ceilings and Price Floors
  5. Question
    A Price Floor Has No Effect in a Market When
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A Price Floor Has No Effect in a Market When

Question 50

Question 50

Multiple Choice

A price floor has no effect in a market when it's set


A) above the equilibrium price
B) below the equilibrium price
C) at 100 percent of parity
D) above the price ceiling
E) below the price ceiling

Correct Answer:

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