Multiple Choice
A regulation that sets the highest price at which it is legal to trade a good is a
A) production quota.
B) price floor.
C) price support.
D) price ceiling.
E) subsidy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q58: In the market for cotton,suppose the equilibrium
Q59: Who gains from a price support? Who
Q60: Black markets can occur when price ceilings
Q61: Assume a market is producing efficiently.Which type
Q63: One of the consequences of a rent
Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q65: The unemployment caused by minimum wage would
Q66: A price ceiling is a government regulation
Q67: A minimum wage set above the equilibrium