Question

administrative price is :
price ceiling
price floor
both a and b
none of these​

Answer 1

Answer:

Both a and b

Explanation:

Examples of administered prices include price controls and rent controls. ... Price controls may specify a price ceiling (an maximum), a price floor (a minimum), or both. They may apply to staple goods such as sugar and soap, or more intangible prices such as interest rate.

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Answer 2

Answer:

both a and b

Explanation:

give thanx=take thanks

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