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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726142
Introduction to Economics 1 Deneme Sınavı Sorusu #726142
Which of the followings is the definition of price floor?
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The difference between price and cost to the sellers |
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The legal maximum price for a good or service |
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The difference between price and cost to the consumers |
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The legal minimum price for a good or service |
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The measure of the response of quantity supplied of a good to a change in price |
Yanıt Açıklaması:
Price floor is a legal minimum on the price at which a good or service can be sold. The correct answer is D.
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