Chanel No 5 Fragrances Would Be Found in What Level of of the Maslow

question 197

Multiple Choice

Chanel No. 5 fragrances would be found in what level of the Maslow hierarchy of needs?

• A)physiological
• B)self-actualization
• C)personal
• D)safety
• E)social

---

Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, often to protect consumers.

Price Floor

A government or regulatory-imposed minimum price set for a particular good or service, below which it cannot be sold, often to protect producers or encourage production.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the existing price.

Price Ceiling

A price ceiling is a legal maximum price set by the government for certain goods or services to prevent prices from becoming prohibitively high.