A Price Ceiling Is A(n)

question 320

Multiple Choice

A price ceiling is a(n) :

• A) legally established minimum price that can be charged for a good.
• B) illegally established minimum price that can be charged for a good.
• C) legally established maximum price that can be charged for a good.
• D) illegally established maximum price that can be charged for a good.

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Definitions:

Compulsive Craving

An intense, uncontrollable desire, often for a specific substance or activity that can lead to compulsive behavior.

Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Adverse Consequences

Negative outcomes or effects that result from an action, decision, or situation.

Addictive Drugs

Substances that cause dependence and compulsive use, characterized by a need to increase dosage due to tolerance and by physiological and psychological withdrawal symptoms.