A state government is concerned about the rising prices that internet service providers are asking their customers to pay. The current price of high-speed internet access in the state is $120
per month, but the government would like it to be lower. What price control could the government implement that would effectively lower the price of high-speed internet access?(1 point)
Responses
price ceiling below $120
price ceiling below 120 dollars
price floor below $120
price floor below 120 dollars
price floor above $120
price floor above 120 dollars
price ceiling above $120
1 answer
The government could implement a price ceiling below $120 in order to effectively lower the price of high-speed internet access for customers.
1 answer