The dictator of a small country restricts the price of cars to an amount less than or equivalent to $1,200 (a price below the equilibrium price for cars).Such a policy would be an example of a:
A.price floor.
B.price ceiling.
C.quota.
D.tariff.

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The Answer of The dictator of a small country restricts the price of cars to an amount less than or equivalent to $1,200 (a price below the equilibrium price for cars).Such a policy would be an example of a:
A.price floor.
B.price ceiling.
C.quota.
D.tariff.

The Dictator of a Small Country Restricts the Price of Cars