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25 April, 03:43

Which term is defined as the maximum legal price for a good or service? price floor price ceiling expansionary fiscal policy contractionary fiscal policy

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  1. 25 April, 07:37
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    The term is defined as the maximum legal price for a good or service is price ceiling, it is a government-imposed price control or limit on how high a price is charged for a product. Governments intend price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.
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