An agricultural price support is an example of a price ceiling.

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An agricultural price support is an example of a price floor, not a price ceiling. A price support is a government policy that ensures farmers receive a minimum price for their crops by buying the surplus produce, which can prevent prices from falling below a certain level. This sets a floor on the price and keeps it above what the market might otherwise dictate. A price ceiling, on the other hand, is a government-imposed limit on how high a price can be charged for a particular good or service.

An Agricultural Price Support Is an Example of a Price