Question

______________ are enacted when discontented sellers, feeling that prices are too low,appeal to legislators to keep prices from falling.
A. Rent controlsB. Price ceilingsC. Price floorsD. Subsidies

Answer 1

Answer: Price Ceilings

Price Ceilings are usually controlled by the Government and their main use is to keep prices up. Sometimes a customer will switch to other goods and that person that wants there item bought the price will get lower to attract more customers. In this case, they want to keep the prices from falling - therefore, it would be Price Ceilings.