A. The minimum wage
B. Rent controls
C. Restricting petrol prices to Rs100 per litre when the equilibrium price is Rs150 per litre
D. All of these answers are price floors
Related MCQs:
Because supply and demand conditions for primary products are very price inelastic their prices ?- Which side of the market is more likely to lobby government for a price floor?
- An increase in price all other things unchanged leads to ?
- Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?
- Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?
- A decrease the Price of foreign oil ?
- Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
- Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
- A fall in price ______ ?
- Which of the following is a price that is equal to the face value of a security?
- A price floor ?
- Supply is likely to be more price elastic ?
