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ivanzaharov [21]
3 years ago
5

What is the difference between a price floor and a price ceiling?

Business
2 answers:
Rufina [12.5K]3 years ago
6 0
Just like in math, floor means to round down (minimum), ceiling means to round up (maximum).

The only one that'd make sense would be the first statement.
AleksandrR [38]3 years ago
3 0

Answer: The answer is A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.

Explanation:

A price floor refers to the minimum price of a good or product. It is a price control which limits the lowest price of a product or service.

A price ceiling refers to the maximum price of a good. It is the price a seller is mandated to charge for a product or service. Government impose price ceiling in order to protect consumers from buying at higher or expensive prices.

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