For a price floor to be effective, it must be set ________ the equilibrium price, while a price ceiling must be set ________ the equilibrium price to be effective.
A. below; above
B. above; below
C. below; below
D. above; above
https://www.onlinefreelancersnetwork.com/wp-content/uploads/2020/08/logoOFN.png00Frank Mainhttps://www.onlinefreelancersnetwork.com/wp-content/uploads/2020/08/logoOFN.pngFrank Main2021-07-13 05:01:252021-07-13 05:01:25For a price floor to be effective, it must be set ________ the equilibrium price, while a price ceiling must be set ________ the equilibrium price to be effective. A. below; above B. above; below C. below; below D. above; above