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Price Celing and Price Floor

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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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About Yes or No
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Created by

sarah ayyad
sarah ayyad
United Arab Emirates

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Price Celing and Price FloorOnline version

Test your knowledge on price celing and price floor!

by sarah ayyad
1

Price celings always lead to shortages.

2

Price floors can lead to inefficiencies in the market.

3

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

4

Price floors are always beneficial for consumers.

5

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

6

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

7

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

8

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

9

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

10

Price celings are used to encourage competition in the market.

11

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

12

Price floors are only used in the labor market.

13

A price floor can lead to surpluses in the market.

14

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

15

Price celing and price floor are the same thing.

16

A price celing can lead to shortages in the market.

17

Price celings are only used in the housing market.

18

Price floors always lead to surpluses.

19

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

20

Price floors are set by consumers.

 
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