A price floor means that:.
a. inflation is severe in this particular market.
b. sellers are...
A price floor means that:.
a. inflation is severe in this particular market.
b. sellers are artificially restricting supply to raise price.
c. government is imposing a maximum legal price that is typically below the equilibrium price.
d. government is imposing a minimum legal price that is typically above the equilibrium price.
Answers: 1
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