Supply & Demand Floors and Ceilings Activator

Front

At $6, the quantity demanded is

Back

4

Front

The Federal Government passes a law saying that the price of a gallon of gas must be under $2.50. This would be a price

Back

ceiling

Front

If minimum wage is set at $40.00 per hour, McDonalds can't sell a Big Mac below $19.99. This would create a price

Back

floor

Front

What is the quantity demanded at $7? Hint: it is NOT 7.

Back

3