A government policy that prevents the price of a good or service from falling below a specified level is called a price floor and usually results in
a. a shortage.
b. a surplus.
c. a black market.
d. fewer producers of the good or service.
e. a decrease in demand.
b
Economics
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If a bank is selling Russian rubles (RUB) for $0.16, then the implied ruble price of the dollar is RUB 6.25
a. True b. False Indicate whether the statement is true or false
Economics
If your taxable income rises from $35,000 to $45,000, and the taxes you pay rise from $12,000 to $15,000, your marginal tax rate is
A. 10 percent. B. 20 percent. C. 30 percent. D. 40 percent. E. Impossible to determine.
Economics