Multiple Choice
A law establishing a maximum legal price for a good or service (rent controls for example) is known as
A) an equilibrium price.
B) a price floor.
C) a price ceiling.
D) a price wall.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: A subsidy on a product will generate
Q21: The "incidence of a tax" is the
Q41: Suppose that the minimum wage was increased
Q133: After a natural disaster, such as a
Q203: The term "deadweight loss" or "excess burden"
Q218: If Neleh's income increases from $60,000 to
Q223: Which of the following statements is correct?<br>A)
Q224: If there was an increase in the
Q226: If a $50 subsidy is legally (statutorily)
Q234: An excise tax levied on a product