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Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › Minimum price per drink laws for alcohol are an …

Minimum price per drink laws for alcohol are an example of what?

APrice ceiling
BPrice floor
CExcise refund
DImport quota
Answer & Solution
Correct answer: B. Price floor
A legal lowest price per drink stops alcohol from being sold cheaper, so it is a floor.
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