Economics · Market Mechanism
Price ceiling refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1removal of tax from already costly goods or services
- 2imposition of tax on all the prices of goods or services
- 3imposition of a lower limit of tax on costly goods or services
- 4imposition of an upper limit on the price of goods or services✓
Correct answer
imposition of an upper limit on the price of goods or services
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