A minimum price legislation is also called

A minimum price legislation is also called
A. price ceiling
B. price mechanism
C. price control
D. price floor
Correct Option: Answer is D
A price floor is a government-imposed minimum price that must be paid for a good or service. It is also known as a price support. Price floors are often used to protect producers from low prices, such as when the supply of a good is high or when demand is low.

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