A price ceiling is:
A. a legal maximum quantity that can be sold at a particular price.
B. a legal maximum price.
C. a legal minimum quantity that can be sold at a particular price.
D. a legal minimum price.
Answer: B
Economics
You might also like to view...
Higher rates of productivity growth are most closely associated with higher rates of
a. consumer spending. b. investment spending. c. government spending. d. import spending.
Economics
Structural unemployment occurs because
A. new jobs are created, while old jobs cease to be viable. B. there are long-term mismatches between workers skills and jobs available. C. jobs differ in their location, skills required, and working conditions. D. the economy is experiencing a period of unusually low production.
Economics