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:
he hoped to prevent futurewars
I don't do anything like that but maybe like put an ice pack on his head and ring his parents to let them know what has happened?
I’m not 100% sure, but I believe the answer is D.
Hope this helps! ^^
Everything the U.S. economy produces is measured by GDP, or Gross Domestic Product. When the GDP growth rate turns negative, the economy enters a recession.
