Physics
phoenix
2021-03-21 03:13:12
When the government sets a price for wheat that is above the equilibrium price, it is imposing a _____. price ceiling price floor market price
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Cbear1
2021-03-21 05:43:39

Answer= Price Floor This is basically the government imposing a minimum price for a product...  For example... minimum wage is considered a price floor.

academydir
2021-03-21 05:44:54

When the government sets a price for wheat that is above the equilibrium price, it is imposing a price floor

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