One Common Example of a Price Ceiling Is Rent Control

question 57

True/False

One common example of a price ceiling is rent control.

---

Definitions:

Craft Store

is a retail outlet specializing in selling materials and supplies for arts and crafts projects.

Intermediaries

Agents or businesses that act as a link in the supply chain, connecting producers with consumers or other businesses.

Distribution Channel

is a chain of intermediaries through which a product or service passes until it reaches the end consumer.

Cost To Consumer

The total price that a consumer has to pay to acquire a product or service, including the cost of production and the markup by sellers.