If the law forbids the sale of something above a certain price that price is called

Question

Social Studies

Blaze Meadows

11 January, 04:02

If the law forbids the sale of something above a certain price that price is called

+2

Answers (2)

Know the Answer?

Kamora Pitts · Answer 1

Kamora Pitts 11 January, 04:24

0

It is called a price ceiling.

Lance Taylor · Answer 2

If the law forbids the sale of something above a certain price that price is called price ceiling. It is a government-imposed price control or limit on how high a price is charged for a product. It is to protect consumers from conditions that could make commodities prohibitively expensive.