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:
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Explanation:
The correct answer is
1. Proprietary.
2. Independent
3. Royal.
Each colony had its own characteristics. For example, proprietary colonies included Delaware, Maryland and Pennsylvania. which were known as the land granted from the government of British.
The independent colonies included, Rhode island, and Connecticut.
The royal colonies included, New York, New Jersey, South and North Carolina, Georgia and Virginia.
The thirteen colonies had similar constitutional , political and legal systems which were being dominated by English speakers of the protestant.
The Quran is the body of law which governs all aspects of a muslim's life.
The work by card and Kruger on minimum wage and unemployment.
