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Label Each of the Following Below as Either a Price

Question 120

Short Answer

Label each of the following below as either a price ceiling or a price floor:
(a) Maximum prices on Canadian prescriptions drugs provide an example of a price _____.
(b) The setting of minimum price for agricultural produce is an example of a price _____.
(c) Scotland's minimum price on beer cans is an example of a price _____.

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