Question

Which statements correctly explain price floors and price ceilings? Check all that apply.

A.)Ineffective price floors tend to be too high.
B.)Ineffective price ceilings tend to be too low.
C.)Price floors help producers by raising prices.
D.)Price ceilings help consumers by lowering prices.
E.)Effective price floors are set above equilibrium.
F.)Effective price ceilings are set below equilibrium

Answer 1

3, 4, 5, 6

Step-by-step explanation:

Answer 2

Price floors help producers by raising prices.

Price ceilings help consumers by lowering prices.

Effective price floors are set above equilibrium.

Effective price ceilings are set below equilibrium.

Step-by-step explanation:

edge 2021