Government has fixed the price as OP_(1), while the equilibrium price is OP as seen in the following diagram: The price fixed by the government is known as:

Government has fixed the price as OP_(1), while the equilibrium price

1.	Government has fixed the price as OP_(1), while the equilibrium price is OP as seen in the following diagram: The price fixed by the government is known as:
Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> Floor<br/>Minimum <a href="https://interviewquestions.tuteehub.com/tag/support-1235361" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPORT">SUPPORT</a> price<br/>Price Ceiling<br/>Both (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :(d)</body></html>