A legal minimum price that must be paid for a good or service is a pri…

Question

A legal minimum price that must be paid for a good or service is a price:

Accepted Answer

A. Floor

1. The rule stops the price falling past a set level.
2. It protects sellers rather than buyers.
3. That rule is a price floor.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._

Answer

Flare

Answer

Flake

Answer

Flask

A legal minimum price that must be paid for a good or service is a price:

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