A Price Ceiling

question 204

Multiple Choice

A price ceiling:

• A) is a maximum price allowed by law.
• B) is a minimum price allowed by law.
• C) has an effect only when it is set above the market price.
• D) has little effect on market activity.

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Definitions:

Gas Particles

The smallest constituents of a gas, moving freely and randomly, and obeying the gas laws.

Closed Container

A system where no matter is allowed to enter or leave, though energy transfer may still occur.

Independent

not influenced or controlled by others; acting autonomously.

Average Kinetic Energy

The mean energy possessed by the particles of a substance due to their random motions, directly related to temperature.