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.
The following D. Mostly women is the answer, because it is not a characteristic of owners and managers.
The cotton gin was a machine for separating cotton from its seeds.
They were striking a blow for freedom against imperialism(b)
The spread of Humankind to inhabit all the part of the Globe was a significant advancement in the Paleolithic age.
The Paleolithic Age is commonly known as the Stone Age, begun roughly 500,000 years ago and ended around 6000 B.C.E. People in this period produced complex tools and objects made out of stones. This age comprises the initial widespread use of technology as humans advanced from simplistic to a more complicated developmental stage and the spread of Humanity from the Savannas of East Africa to the rest of the world.
