Quizlet
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| 1-1 of 1Price ceiling flashcard sets | |||
|---|---|---|---|
| # | Title | Terms | Date |
| 1 | C06-Price Ceilings & Floorsby lsturgis | 7 terms | December 1, 2008 |
No groups found.
| price ceiling definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a maximum price that can be legally charged for a good or service | 18 sets | |
| 2 | a legal maximum on the price at which a good can be sold | 13 sets | |
| 3 | a maximum legal price that can be charged for a product | 7 sets | |
| 4 | a maximum allowable price, specified by law | 4 sets | |
| 5 | a legally determined maximum price that sellers may charge. | 4 sets | |
| 6 | maximum legal price that can be charged for a product | 4 sets | |
| 7 | a legally determined maximum price that sellers may charge | 4 sets | |
| 8 | a maximum legal price that can be charged for a product. | 4 sets | |
| 9 | a maximum price that sellers may charge for a good, usually set by the government | 3 sets | |
| 10 | a legal maximum on a price that can be charged in the market | 3 sets | |
| 11 | a legally established maximum price for a good or service. | 3 sets | |
| 12 | max legal price that can be charged for a product | 3 sets | |
| 13 | a maximum price that can be legally charged for a good service | 2 sets | |
| 14 | max price that can be legally charged for g/s (bottom line on graph) | 2 sets | |
| 15 | sets the maximum legal price a seller may charge for a product or service | 2 sets | |
| 16 | maximum price sellers are allowed to charge for a good or service | 2 sets | |
| 17 | a legally established maximum price for a good or service | 2 sets | |
| 18 | a maximum price set by government below the equilibrium price. by law, price is not allow to rise above the price ceiling. | 2 sets | |
| 19 | a maximum allowable price, specified by law. | 2 sets | |
| 20 | maximum allowable price | 2 sets | |
| 21 | a legal maximum price that may be charged for a particular good or service | 2 sets | |
| 22 | a government regulation that establishes a maximum price for a particular good | 2 sets | |
| 23 | a government-set maximum price that can be charged for goods and services | 2 sets | |
| 24 | maximum that the price charged for a commodity cannot legally exceed | 2 sets | |
| 25 | upper limit imposed on the price of a good or service | 2 sets | |
| 26 | an artificial limit placed by government on what can be charged for a good or service. | 1 set | |
| 27 | the maximum price that can be charged for a product | 1 set | |
| 28 | a legislated price-set lower than the equilibrium price—above which buyers and sellers cannot legally buy and sell a good. | 1 set | |
| 29 | a maximum legal selling price above a product cannot be sold | 1 set | |
| 30 | is a legal maximum on the price at which a good can be sold | 1 set | |
| 31 | a legally determined maximum price for a good or service, like rents | 1 set | |
| 32 | the maximum price that may be allowed in an exchange | 1 set | |
| 33 | price cannot exceed certain line | 1 set | |
| 34 | rent control is a | 1 set | |
| 35 | government set maximum price that can be charged for goods and services | 1 set | |
| 36 | a legal maximum on the price at which a good can be sold, quantity demanded is greater than the quantity supplied | 1 set | |
| 37 | establishes a maximum price that sellers are legally permitted to charge | 1 set | |
| 38 | can not charge above it | 1 set | |
| 39 | the level above which a price may not rise | 1 set | |
| 40 | set below market equilibrium, creates a shortage | 1 set | |