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8 June, 17:09

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

A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.

A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.

A price floor is an advantage for consumers for buying a good. A price ceiling is a disadvantage for consumers for buying a good.

A price floor is a disadvantage for consumers for buying a good. A price ceiling is an advantage for consumers for buying a good.

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  1. 8 June, 17:33
    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.
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