britann4308 britann4308
  • 04-01-2020
  • Mathematics
contestada

A price fixed above equilibrium that change the incentives that both buyers and sellers face is called price

Respuesta :

akivieobukomena akivieobukomena
  • 04-01-2020

Answer:

floor

Step-by-step explanation:

price floor is a situation when the price changed is greater or leave than the equilibrium price determined by the force of demand and supply. For a price floor to be effective, the minimum price has to be higher than the equilibrium price. It must be set above the equilibrium price. The opposite of price floor is price ceiling.

Answer Link

Otras preguntas

During the 1800s, there were three new constitutions for the state of New York. The constitution of 1821 expanded voting rights. In your own words, explain whic
How do you differentiate between gas and a vapour ?
What is the answer to this problem
What is the volume of a cube measuring 1cm on each side?
The purpose of the petition sent to king George lll by the first continental congress was to?
Which term refers to a situation where two files try to claim the same cluster on the hard disk?
Geometry math question no Guessing and Please show work thank you
What minimum strength of magnetic field is required to balance the gravitational force on a proton moving at speed 7 ✕ 106 m/s?
What are the vertices of the following graph?
please help with geomtry