A maximum price set below the equilibrium price is a


Asked by admin @ in Business viewed by 346 People


a price set below the current market price is a characteristic of a a) price floor. b) regular price. eliminate c) price ceiling. d) equilibrium price.

Answered by admin @



A price set below the current market price is a characteristic of price ceiling. Correct answer:C Price ceiling is type of price control. It is the maximum price a seller can charge
,that is legally established. When the ceiling is set below the market price, there will be excess demand or a supply shortage.


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