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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

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

2

Price floors are always beneficial for consumers.

3

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

4

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

5

Price celings are used to encourage competition in the market.

6

Price celings always lead to shortages.

7

A price floor can lead to surpluses in the market.

8

Price celings are only used in the housing market.

9

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

10

Price floors are only used in the labor market.

11

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

12

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

13

Price floors always lead to surpluses.

14

Price celing and price floor are the same thing.

15

A price celing can lead to shortages in the market.

16

Price floors can lead to inefficiencies in the market.

17

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

18

Price floors are set by consumers.

19

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

20

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

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