Multiple Choice
Use the following to answer question :
-Hugo Chávez was the president of Venezuela.Venezuela is a major producer of oil products,which remain a critical component of Venezuela's economy.Suppose that President Chávez wanted to increase his popularity with the citizens of Venezuela and enacted a government policy to reduce the price of gasoline sold at state-owned gas stations to 50% of the previous price.This policy is called a:
A) laissez-faire policy.
B) price floor.
C) price ceiling.
D) quota.
Correct Answer:

Verified
Correct Answer:
Verified
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