Price ceiling flashcard sets

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1-1 of 1Price ceiling flashcard sets
# Title Terms Date
1C06-Price Ceilings & Floorsby lsturgis7 termsDecember 1, 2008
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price ceiling definitions
# Definition Sets
1a maximum price that can be legally charged for a good or service18 sets
2a legal maximum on the price at which a good can be sold13 sets
3a maximum legal price that can be charged for a product7 sets
4a maximum allowable price, specified by law4 sets
5a legally determined maximum price that sellers may charge.4 sets
6maximum legal price that can be charged for a product4 sets
7a legally determined maximum price that sellers may charge4 sets
8a maximum legal price that can be charged for a product.4 sets
9a maximum price that sellers may charge for a good, usually set by the government3 sets
10a legal maximum on a price that can be charged in the market3 sets
11a legally established maximum price for a good or service.3 sets
12max legal price that can be charged for a product3 sets
13a maximum price that can be legally charged for a good service2 sets
14max price that can be legally charged for g/s (bottom line on graph)2 sets
15sets the maximum legal price a seller may charge for a product or service2 sets
16maximum price sellers are allowed to charge for a good or service2 sets
17a legally established maximum price for a good or service2 sets
18a maximum price set by government below the equilibrium price. by law, price is not allow to rise above the price ceiling.2 sets
19a maximum allowable price, specified by law.2 sets
20maximum allowable price2 sets
21a legal maximum price that may be charged for a particular good or service2 sets
22a government regulation that establishes a maximum price for a particular good2 sets
23a government-set maximum price that can be charged for goods and services2 sets
24maximum that the price charged for a commodity cannot legally exceed2 sets
25upper limit imposed on the price of a good or service2 sets
26an artificial limit placed by government on what can be charged for a good or service.1 set
27the maximum price that can be charged for a product1 set
28a legislated price-set lower than the equilibrium price—above which buyers and sellers cannot legally buy and sell a good.1 set
29a maximum legal selling price above a product cannot be sold1 set
30is a legal maximum on the price at which a good can be sold1 set
31a legally determined maximum price for a good or service, like rents1 set
32the maximum price that may be allowed in an exchange1 set
33price cannot exceed certain line1 set
34rent control is a1 set
35government set maximum price that can be charged for goods and services1 set
36a legal maximum on the price at which a good can be sold, quantity demanded is greater than the quantity supplied1 set
37establishes a maximum price that sellers are legally permitted to charge1 set
38can not charge above it1 set
39the level above which a price may not rise1 set
40set below market equilibrium, creates a shortage1 set