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.
6000 to 2000 bce these are random words i cant submit bc its too short
They supported by ensuring that those workers would get higher pay, as well as promising that the state would in turn help the company once the war is over. It was like the war bonds thing but more complex as it involved companies and not regular people.
Answer:
Its was good :) how was yours?
