Ask Question
13 November, 00:04

A price ceiling is: A. a maximum price that buyers are willing to pay for a good, usually set by government. B. a maximum price that sellers may charge for a good, usually set by government. C. a minimum price that sellers may charge for a good, usually set by government. D. a minimum price that buyers may charge for a good, usually set by those who sell the good.

+2
Answers (1)
  1. 13 November, 00:53
    0
    The correct answer is letter "B": a maximum price that sellers may charge for a good, usually set by government.

    Explanation:

    A price ceiling is a maximum amount for a product or service that a seller can charge. A regulator, normally the local government, enforces price limits and is generally intended to protect low-income customers from being pushed off essential goods and services markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A price ceiling is: A. a maximum price that buyers are willing to pay for a good, usually set by government. B. a maximum price that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers