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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