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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