chapter 6 Flashcards
1
Q
price ceiling
A
a legal maximum on the price of which a good can be sold
2
Q
price floor
A
a legal minimum on the price of which a good can be sold
Econ 101 > chapter 6 > Flashcards
price ceiling
a legal maximum on the price of which a good can be sold
price floor
a legal minimum on the price of which a good can be sold