Which of the following are examples of price controls?

Minimum wage

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Rent control

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Minimum support price

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All of these

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Solution

The correct option is D
All of these

Price control includes artificial floors and ceilings on the price.

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Similar questions

Price Ceiling is a legal maximum on the price of a good or service. An example of price ceiling is rent control.

Q. Which of the following statements are not true concerning the minimum support price?

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.

Q. What are the features of Minimum Support Price (MSP)?

Q4. Which of the following statements about minimum support price (MSP) is not correct

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Which of the following are examples of price controls?

The correct option is D All of these Price control includes artificial floors and ceilings on the price.

The correct option is D
All of these

Price control includes artificial floors and ceilings on the price.