Respuesta :
The lowest price for a good or product is referred to as a pricing floor. It is a pricing restriction that establishes a minimum price for a good or service.The maximum price of a good is referred to as a price ceiling.
It is the amount that a seller must demand in exchange for a good or service. The government sets a price cap to safeguard customers from paying excessively high or expensive costs.A price floor and a price ceiling differ in terms of their A.
The lowest price permitted for a good is called a price floor. A price ceiling is a good’s maximum permitted price.The minimal price set by the government is known as a price floor. This pricing suggests that a supplier is not permitted to sell.
A price ceiling, on the other hand, alludes to the highest price that is governed by the government. It is not expected of suppliers of goods and services with a price ceiling to sell above the specified maximum.
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