Exhibit 4-8
-In a rental market like the one in Exhibit 4-8,a government-imposed rule that rent cannot exceed $750 per month would be called a

Question

Exhibit 4-8 
-In a rental market like the one in Exhibit 4-8,a government-imposed rule that rent cannot exceed $750 per month would be called a

Quizplus · Accepted Answer

A government-imposed rule that limits the price of a good or service to a certain level is known as a price ceiling. In this case, the government has put a cap on the amount that can be charged for rent, which is $750 per month.

Exhibit 4-8 -In a Rental Market Like the One in Exhibit 4-8,a