A minimum price that the government guarantees farmers will receive for a particular crop is a(n) :

A) price ceiling.
B) price floor (or price support) .
C) deficiency price.
D) export subsidy.

Price Support

Government interventions or policies designed to maintain the market price of a commodity or product at a certain level, usually to protect producers' incomes.

Price Floor

A government-imposed minimum price for a good or service, preventing the market price from falling below a certain level, potentially leading to a surplus.

Agricultural Market

A marketplace where products from agriculture such as grains, vegetables, and livestock are traded.