Economy, asked by anshikamodi1, 1 year ago

price floor can also be described as:
a)minimum support price
b) minimum price above the equilibrium price
c) price at which quantity supplied exceeds the quantity demanded
d)all of these

Answers

Answered by MagicalGiggles

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♦️ Option a)

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Answered by SwatiGawad

option a

hope this help you

Price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. By observation, it has been found that lower price floors are ineffective. Price floor has been found to be of great importance in the labour-wage market.

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price floor can also be described as:a)minimum support price b) minimum price above the equilibrium price c) price at which quantity supplied exceeds the quantity demandedd)all of these​

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price floor can also be described as:
a)minimum support price
b) minimum price above the equilibrium price
c) price at which quantity supplied exceeds the quantity demanded
d)all of these