Question: A price ceiling is: a ) A maximum price set by the government that can be charged for a good or service. b ) A
A "price ceiling" is:
a A maximum price set by the government that can be charged for a good or service.
b A minimum price set by the government that can be charged for a good or service.
c The price at which supply equals demand.
d The price at which firms are indifferent to selling or not selling the product.
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