True/False
A price ceiling is a legal maximum on the price of the good or service.
Correct Answer:
Verified
Related Questions
Q255: Figure: Airline Industry Q256: Most economists favor price controls as a Q257: Labor unions are composed of high-skilled workers, Q258: Price floors on airlines: Q259: Which is not an effect of a Q261: Minimum wage laws are an example of Q262: President Richard Nixon froze all prices and Q263: Suppose that supply is fixed at 100 Q264: Price ceilings are always good for consumer Q265: A price ceiling is a minimum price
A) kept ticket prices
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