Which of the following statements is true? a A good example of a price ceiling is rent
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Question:
Which of the following statements is true?
a
A good example of a price ceiling is rent control.
b
Aprice flooris a government-imposed maximum price in a market.
c
Price floors are set on goods whose producers need some special support (such as farmers, who face a lot of price volatility); the current equilibrium price is "so low" that many producers may go bankrupt.
d
All of the above.
e
Only a) and c)
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