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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #753451
Introduction to Economics 1 Deneme Sınavı Sorusu #753451
______ is a legal maximum on the price at which a good or a service can be sold.
Price fixing |
Price floor |
Price ceiling |
Price control |
Price elasticity |
Yanıt Açıklaması:
Price ceiling is a legal maximum on the price at which a good can be sold. The most well-known price ceiling policy is conducted by the rent controls in real life. Price control, on the other handi is a more general term that includes price ceiling and price flooe. The correct answer is C.
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