Question

A price support is a type of

a. price floor
b. price ceiling
c. price fixing
d.rent control

Answer 1

C. price fixing

Step-by-step explanation:

Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.

Answer 2

the answer is C. price fixing