Which of the Following Is an Example of a Price-Ceiling

question 104

Multiple Choice

Which of the following is an example of a price-ceiling?

• A)a minimum wage
• B)a sales tax
• C)none of the above
• D)a rent control

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Definitions:

Fourth Unit

Referring to a specific, individual measure or item in a sequence, often used to highlight a particular point in quantitative analysis.

Unit of X

A standard measure or quantity of something, used as a means of expressing or describing the amount.

Increase in Price

A situation where the cost of goods or services rises, affecting the supply and demand equilibrium.

Decrease in Price

A reduction in the amount of money required to purchase a good or service.