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:
c. start conserving coffee immediately and switch to other beverages if it was easy to do so.
Explanation:
At the substantial increase in the price of coffee, consumers will be able to store the available coffee and ration it properly and as a substitute good, people change drinks because the price increases and the other drinks are at the same or lower price, generating that the when the coffee returns to its normal price, people drink it normally again
D because the Greeks did believe the gods would determine their fate. They thought if they did something wrong or disobeyed the gods, the gods would punish them, and now days we have myths saying some of the things they would believe.
C) he explored parts of Canada for England who is rulers use his trip to claim much of North America
