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Minimum price
Think floor is the bottom which is the minimum.
Think ceiling is the top which is the maximum.
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∙ 12y ago
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How is a price floor different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
How is price floor different from price ceiling?
A price floor is the minimum price set by the government where as a price ceiling is the maximum price sellers can charge for a good or service.
What is the difference between price ceiling and price floor?
price ceiling: A legally determined maximum price that sellers may charge.price floor: A legally determined minimum price that sellers may receive.
What is a price ceiling and a price floor?
Price ceiling- a legal maximum price that may be changed for a particular good or service. Price floor- a legal minimum price below which a good or service may not be sold.
A minimum price for a good or service?
price floor
How is a price floor different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
How is floor price different from a price ceiling?
Price floor is a minimum and price ceiling is a maximum.
How is price floor different from price ceiling?
A price floor is the minimum price set by the government where as a price ceiling is the maximum price sellers can charge for a good or service.
What is the difference between price ceiling and price floor?
price ceiling: A legally determined maximum price that sellers may charge.price floor: A legally determined minimum price that sellers may receive.
What is a price ceiling and a price floor?
Price ceiling- a legal maximum price that may be changed for a particular good or service. Price floor- a legal minimum price below which a good or service may not be sold.
A minimum price for a good or service?
price floor
What is a minimum price for a good or service?
price floor
What is a maximum price set below the equilibrium price?
Price Floor.
What is the term for the minimum price allowed by law?
Price floor
Give an example of a price floor and a price ceiling and the purpose of the controls?
an example of a price floor is the minimum wage
Minimum wage is an example of?
a price floor.
An example of price floor?
A price floor is government imposed limit on how low a price can be charged for a product or service. An example of a price floor in the US are minimum wage laws. The government has set the minimum wage that a company can pay an employee.
