ch3ihistapurpleS ch3ihistapurpleS

02-11-2016
Business

Answered

A price support is a type of

Aprice floor
Bprice ceiling
Cprice fixing

d.rent control

Verified Answer :

nataleighkirk nataleighkirk

07-11-2016

the answer is C. price fixing

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Queenlori Queenlori

28-10-2019

Answer:

C. price fixing

Explanation:

Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.

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