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.
Correct Answer:
Verified
Q95: A market is in equilibrium
A) provided there
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A)the ability to set
A)prevents regulated taxi drivers from
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