Question

A minimum price, set by the government, that must be paid for a good or service is called a _____.

A. price wall
B. price floor
C. price field
D. price ceiling

Answer 1

B: a price floor is the correct answer 

Answer 2

B. Price floor

Step-by-step explanation:

it is a price imposed by the government for a product , goods or commodity if the government feels that price is too low. In order to be effective Price floor must be more than the equilibrium price .