A legal maximum on the price at which a good can be sold is called a price
A: floor.
B: subsidy.
C: support.
D: ceiling.
A: floor.
B: subsidy.
C: support.
D: ceiling.
举一反三
- A legal maximum price at which a good can be sold is a price ( ) A: floor. B: stabilization. C: support. D: ceiling.
- A legal maximum price at which a good can be sold is a price
- The minimum wage is an example of() A: a price ceiling. B: a price floor. C: a free-market<br/>process. D: an efficient labor<br/>allocation mechanism.
- A wage is the price for labor. A minimum wage set above equilibrium wage would be an example of: A: . a price ceiling. B: . a price floor. C: . a gap in prices or wages. D: . a wage settlement.
- If the government establishes a legal price floor for a good, the result will be a(n) A: shortage of the good, but only if the floor is equal to the equilibrium price. B: surplus of the good, but only if the floor is above the equilibrium price. C: surplus of the good, but only if the floor is below the equilibrium price. D: shortage of the good, but only if the floor is above the equilibrium price.