Answer: An effective price ceiling is a price imposed by the government below the equilibrium price.
Explanation:
Price ceiling is a price control that is imposed by the government to curtail how high producers or suppliers charge price for a commodity or service. Price ceiling is used by the government to protect consumers from purchasing very high commodities. The very high prices of the good can be as a result of inflation, monopoly or investment bubble
For price ceiling to be effective, the price set must be below the equilibrium price (price set by the forces of demand and supply).
Answer: Many thinkers have pointed out that philosophy is a search for wisdom.
Explanation:
The German philosopher Josef Pieper advocates this idealistic approach in defining philosophy as the search for wisdom. This principle is also present in the ancient philosophers Pythagoras and Plato, who said that philosophy is a quest for wisdom with a huge love dose. Philosophy as a quest for wisdom at the beginning of that quest emphasizes that no one can have complete and absolute knowledge of the things he seeks. In this context, one must intensively search, read, and educate them to reach a certain level of wisdom.
A static variable that is defined within a function is initialized only once, the first time it is called T.
<h3>What is a static variable in a function?</h3>
Any variable that has the word "static" in its declaration is considered to be static. The static variable's space is only allotted once, and it is used throughout the entire program. Once declared, this variable remains in effect throughout program execution.
A function-specific static variable is one that is unique to that function. That is, the variable in that function is the only one you can access.
The first time a function is invoked, a static variable created within that function is initialized just once. T. A function might have some parameters with default arguments and others without. T. The parameter data type and return data type of a function must match.
To learn more about static variables refer to:
brainly.com/question/14465589
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Explanation:
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