Which of the Following Set of Terms Is Mismatched

question 41

Multiple Choice

Which of the following set of terms is mismatched?

• A)Feudalism and political system
• B)Manorialism and economic system
• C)Serf and peasant bound to the land
• D)Vassal and knight subordinated to a lord
• E)None of these

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Definitions:

Price Ceiling

A government-imposed limit on how high the price of a product or service can be charged in the market, aimed at protecting consumers from high prices.

Quantity Demanded

The amount of a product or service consumers are willing and able to purchase at a given price.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price within a certain time period.

Supply Unchanged

A situation in which the quantity of a good or service available in the market does not increase or decrease over a period.