A government caps the price of a medicine so it cannot go higher. That…

Question

A government caps the price of a medicine so it cannot go higher. That cap is a price:

Accepted Answer

A. Ceiling

1. The law sets a legal maximum.
2. Sellers may not charge above it.
3. That is a price ceiling.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._

Answer

Cushion

Answer

Contract

Answer

Campaign

A government caps the price of a medicine so it cannot go higher. That cap is a price:

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