The term that is defined as the maximum legal price for a good or service is the price ceiling.
Explanation:
A price ceiling happens once the government puts a legal limit on how high the worth of a product may be. so as for a price ceiling to be effective, it should be set below the natural market equilibrium. When a price ceiling is about, a shortage happens. For the worth that the ceiling is about at, there's a lot of demand than at the equilibrium worth. there's additionally less offer than at the stability worth, therefore there's a lot of amounts demanded than the amount provided. Associate degree inability happens, since at the worth ceiling amount equipped the marginal profit exceeds the distinctive cost. This inefficiency is adequate to the deadweight welfare loss.
Answer:
The shogun controlled foreign policy, the military, and feudal patronage. The role of the Emperor was ceremonial, similar to the position of the Japanese monarchy after the Second World War.
Explanation:
Answer:
Presidios becasue igtrfwsd
Explanation:
Site of the first permanent English settlement in American in 1607