A price ceiling is?

2753EconomicsMedium

Aa minimum price that consumers are willing to pay for a good.

Ba maximum price usually set by government that sellers may charge for a good

Ca minimum price usually set by government that sellers must charge for a good

Dthe different between the initial equilibrium price and the equilibrium price after a decrease in supply

Correct answer

B. a maximum price usually set by government that sellers may charge for a good

Explanation

The correct answer is a maximum price usually set by government that sellers may charge for a good.

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