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"As the saying goes,the only sure things in life are death and taxes.This saying points out the result that everything having to do with taxes is an automatic fiscal policy." Is the preceding analysis correct or incorrect? Explain your answer.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make necessary goods unaffordable.
Maximum Price
A ceiling price set by an authority, above which the sale of a good or service is not allowed.
Market Price
The current price at which a good or service can be bought or sold in a given market.
Maximum Price
A price ceiling set by the government or a regulatory body, above which a product or service cannot be sold in the market.
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