-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 $P _ { 1 }$ .
B)price floor has been set at $P _ { 1 }$ .
C)price ceiling has been set at $P _ { 2 }$ .
D)price floor has been set at $P _ { 2 }$ .

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 $P _ { 1 }$ . 
B)price floor has been set at $P _ { 1 }$ . 
C)price ceiling has been set at $P _ { 2 }$ . 
D)price floor has been set at $P _ { 2 }$ .

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 $P _ { 1 }$ . 
B)price floor has been set at $P _ { 1 }$ . 
C)price ceiling has been set at $P _ { 2 }$ . 
D)price floor has been set at $P _ { 2 }$ .

-Refer to the Above Figure P1P _ { 1 }P1​ B)price Floor Has Been Set At Has

-Refer to the Above Figure $P _ { 1 }$
B)price Floor Has Been Set At Has