A Price Floor or a Price Ceiling Is an Example

question 187

Multiple Choice

A price floor or a price ceiling is an example of:

• A)a quantity control.
• B)a price control.
• C)market equilibrium
• D)price.a quota.

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Definitions:

Common Carrier

is a person or company that transports goods or people for any person or company and that is responsible for any possible loss of the goods during transport.

Independent Contractor

A person or entity engaged in a work performance agreement who is not considered an employee and does not receive employee benefits.

Agent

An individual authorized to act on behalf of another person or entity, often in business transactions or negotiations.

Simple Delivery Contract

An agreement focusing on the delivery of an item or service without complicated terms.