What is a government-imposed maximum price at which a good can be sold?
a) a price floor
b) a price ceiling
c) a price support
d) a price equilibrium
Ans: b) a price ceiling
Economics
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A single-price monopoly can sell 2 units for $8.50 per unit. In order to sell 3 units, the price must be $8.00 per unit. The marginal revenue from selling the third unit is
A) $24.00. B) $8.50. C) $7.00. D) $6.50. E) $17.00.
Economics
Periodic payments of net earnings to shareholders are known as
A) capital gains. B) dividends. C) profits. D) interest.
Economics