A Maximum Price Legislated by the Government Is Called

question 119

Multiple Choice

A maximum price legislated by the government is called:

• A)a price support.
• B)a price floor.
• C)a price ceiling.
• D)the parity price.

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Definitions:

Document Caption

The heading on a legal document that typically includes the names of the parties, the court, the case number, and sometimes the type of action or proceeding.

Attorney

A professional who is qualified to practice law; responsible for advising clients on legal matters and representing them in court and legal transactions.

Pleading

A formal written statement of a party's claims or defenses to another party's claims in a legal proceeding.

Allegation

A party’s statement, claim, or assertion made in a pleading to the court. The allegation sets forth the issue that the party expects to prove.