[Answered] What is the difference between the price floor and the price ...

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Author Question: What is the difference between the price floor and the price ... (Read 28 times)

cartlidgeashley

Hero Member
Posts: 572

on: Jun 29, 2018

What is the difference between the price floor and the price ceiling?

Question 2

What is the spot rate?

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jennafosdick

Sr. Member
Posts: 345

Reply #1 on: Jun 29, 2018

Answer to Question 1

The price floor is the lowest price a company can charge for a good/service and still cover costs; the price ceiling is the highest price that can be charged in a market.

Answer to Question 2

The spot rate is the exchange rate for any given time of day.

cartlidgeashley

Member
Posts: 572

Reply 2 on: Jun 29, 2018

YES! Correct, THANKS for helping me on my review

duy1981999

Member
Posts: 341

Reply 3 on: Yesterday

Wow, this really help

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