Ask Question
18 February, 19:58

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.

+5
Answers (1)
  1. 18 February, 20:59
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers