-Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A) price ceiling has been set at .
B) price floor has been set at .
C) price ceiling has been set at .
D) price floor has been set at .

Question

-Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A) price ceiling has been set at . 
B) price floor has been set at . 
C) price ceiling has been set at . 
D) price floor has been set at .

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A) price ceiling has been set at . 
B) price floor has been set at . 
C) price ceiling has been set at . 
D) price floor has been set at .

-Refer to the Above Figure