A Price Ceiling Is

question 48

Multiple Choice

A price ceiling is

• A)a minimum price set by government.It causes a surplus if effective.
• B)a maximum price set by government.It causes a shortage if effective.
• C)the equilibrium price.
• D)a maximum price set by government.It causes a surplus if effective.
• E)a minimum price set by government.It causes a shortage if effective.

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Definitions:

Probable Cause

A reasonable basis for believing that a crime may have been committed, used to justify police searches, arrests, and warrants.

Magistrate

A judicial officer with the authority to oversee minor civil disputes and criminal cases.

Initial Appearance

The first appearance of a defendant before a judge after arrest, where charges are read, and rights are explained.

Judge

An official appointed to decide cases in a court of law, ensuring the fair and impartial administration of justice.