A maximum legal price that may be charged for a particular good or service is known as a

A) price floor.
B) price ceiling.
C) black market.
D) price support.

Answer: B

Economics

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After Ben Bernanke became chair of the Fed in 2006, he

A) increased Fed transparency. B) abandoned inflation targeting. C) used "just do it" policy. D) increased the opacity of the policymaking.

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Consider an initial IS-LM equilibrium with normally-sloped curves. An increase in government spending takes us to a new equilibrium with ________ income and ________ interest rate

A) higher, a higher B) higher, a lower C) an unchanged, a higher D) an unchanged, a lower E) lower, an unchanged

Economics