A price ceiling is ? – McqOptions

MCQOPTIONS

1.	A price ceiling is ?
A.	a maximum price usually set by government that sellers may charge for a good
B.	the different between the initial equilibrium price and the equilibrium price after a decrease in supply
C.	a minimum price usually set by government that sellers must charge for a good
D.	a minimum price that consumers are willing to pay for a good.
Answer» B. the different between the initial equilibrium price and the equilibrium price after a decrease in supply

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