Which of the Following Is an Example of a Price

Multiple Choice

Which of the following is an example of a price floor?

A) a law passed in a city to lower apartment rents by setting the maximum price that can be charged for rent
B) an equilibrium price
C) a minimum wage law
D) a law setting the highest price that can legally be charged for a gallon of gasoline.
E) None of the above answers give examples of a price floor.