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.
He believes their motive was ignorance.
They were allowed to use credit and the clothes were displayed for customers to browse through.
C,D,E
The Treaty of San Ildefonso was an agreement between France and Spain where Spain gave back the colonial territory of Louisiana to France. It gave the French most of the Missisipi river, and new Orleans, which denied the U.S The Gulf of Mexico. I hope I could help! :D
It used oligarchy, rule by a few.
