A Price Control Is

question 166

Multiple Choice

A price control is:

• A)control of the price of a good by the firm that produces it.
• B)a legal restriction on how high or low a price in a market may go.
• C)an upper limit on the quantity of some good that can be bought or sold.
• D)a tax on the sale of a good that controls the market price.

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Definitions:

Material

A substance from which a thing is made or can be made, often used in the context of physical properties and applications.

Density

A measure of mass per unit of volume; the amount of matter contained within a given volume.

Volume

The capacity of space an entity or material possesses.

Mass

A physical property indicating the amount of matter in an object, typically measured in kilograms or grams.