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A price ceiling is a minimum price that the government establishes by law. Answer True False
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Asked 7/16/2012 8:33:40 PM
Updated 5/14/2014 1:22:39 AM
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User: A price ceiling is a minimum price that the government establishes by law. Answer True False



Weegy: The Government can set a legally imposed maximum price in a market that suppliers cannot exceed – in an attempt to prevent the market price from rising above a certain level. [ To be effective a maximum price has to be set below the free market price. One example of a maximum price might when shortage of essential foodstuffs threatens large rises in the free market price. Other examples include rent controls on properties – for example the system of rent controls still in place in Manhattan in the United States. ]
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Question|Rated good
Asked 7/16/2012 8:33:40 PM
Updated 5/14/2014 1:22:39 AM
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A price ceiling is a minimum price that the government establishes by law. This is FALSE.
Added 5/14/2014 1:17:55 AM
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Confirmed by jeifunk [5/14/2014 1:22:40 AM]
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What is proposed legislation called?
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Updated 4/1/2014 5:39:15 AM
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Proposed legislation is called BILLS.
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Pollution generated by factories is a negative externality. True or false?
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Updated 9/29/2015 2:33:03 AM
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Pollution generated by factories is a negative externality. True.
Added 9/29/2015 2:24:04 AM
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Which benefit of the American Free Enterprise System is best described in the statement "Consumers have the opportunity to purchase a variety of goods and services"?Answer variety of goods responsive prices economic freedom government protection
Weegy: These kinds of questions are best answered in Weegy Pro (More)
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Updated 233 days ago|12/23/2017 7:22:48 PM
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Variety of goods benefit of the American Free Enterprise System is best described in the statement: "Consumers have the opportunity to purchase a variety of goods and services".
Added 233 days ago|12/23/2017 7:22:45 PM
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Updated 8/7/2016 7:52:29 PM
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Which of the following people was a classical economist and believed that the economy would regulate itself?Answer Adam Smith John Quincy Adams Rutherford B. Hayes John Maynard Keynes
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Updated 7/18/2014 6:39:27 PM
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JOHN MAYNARD KEYNES was a classical economist and believed that the economy would regulate itself.
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Confirmed by sujaysen [7/19/2014 2:55:43 PM]
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