A Price floor is a minimum price allowed by law.

True

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False

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Solution

The correct option is A
True

True. A Price floor is a minimum price allowed by law.

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Similar questions

Q. Floor price is the minimum price for a commodity or service.

Q.
What is meant by price floor?

Q. The price at which a commodity is purchased is called cost price. State true or false.

An example of price floors is the minimum wage law in the labour market, where government, in order to protect the suppliers and interests of laborers, mandates a wage floor or minimum wage.

The list price of a product is same as the quoted price of that product. State with true or false.

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A Price floor is a minimum price allowed by law.

The correct option is A True True. A Price floor is a minimum price allowed by law.

The correct option is A
True

True. A Price floor is a minimum price allowed by law.