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Price Celing and Price Floor

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Test your knowledge on price celing and price floor!

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Price Celing and Price FloorVersión en línea

Test your knowledge on price celing and price floor!

por sarah ayyad
1

A price celing sets a maximum price that can be charged for a good or service.

2

Price floors can lead to inefficiencies in the market.

3

Price floors are set by consumers.

4

Price floors are often implemented to protect producers from low prices.

5

A price floor sets a minimum price that must be charged for a good or service.

6

Price celings are often implemented to protect consumers from high prices.

7

A price floor can lead to surpluses in the market.

8

Price celings are only used in the housing market.

9

Price floors are always beneficial for consumers.

10

A price celing can lead to shortages in the market.

11

Price celing and price floor are the same thing.

12

Price floors are only used in the labor market.

13

Price floors always lead to surpluses.

14

Price celings can result in black markets where goods are sold at higher prices.

15

Price celings are a form of government intervention in the market.

16

Price celings are used to encourage competition in the market.

17

Price floors are often used in agricultural markets to support farmers.

18

Price celings and price floors have no impact on the economy.

19

Price celings always lead to shortages.

20

Price celings are typically imposed during times of crisis or emergency.

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