joekeith998
joekeith998 joekeith998
  • 20-04-2021
  • Social Studies
contestada

What is the difference between a price floor and a price ceiling?

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4005487
4005487 4005487
  • 20-04-2021

Answer

Price controls come in two flavors. A price ceiling keeps a price from rising above a certain level (the “ceiling”), while a price floor keeps a price from falling below a certain level (the “floor”).

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