A price ceiling is:
A. a legal maximum price.
B. a legal minimum price.
C. a legal maximum quantity that can be sold at a particular price.
D. a legal minimum quantity that can be sold at a particular price.
A. a legal maximum price.
Economics
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If the Gini coefficient for Cartland is 1, it means that income distribution is perfectly equal in this society
Indicate whether the statement is true or false
Economics
A firm will stay in business if _________ are greater than _________; a firm will go out of business if _________ are greater than __________.
Fill in the blank(s) with the appropriate word(s).
Economics