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:
b. department of homeland security.
Explanation:
Homeland Security is the main department of the U.S. government whose objective is to deter terrorist attacks. Homeland Security is a Cabinet-level agency whose roots lie in the nation's reaction to the attacks of 11 September 2001, when members of the al-Qaeda terrorist organization boarded and deliberately crashed commercial airliners of the United States into the World Trade Center Towers.
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