The federal government placed an upper limit on human organ prices, which is called a? a. price floor. b. price support. c. price ceiling. d. none of the choices are correct.

Respuesta :

The federal government placed an upper limit on human organ prices, which is called a price ceiling

What are the price floor and price ceiling?

A price ceiling keeps a price from rising over a certain level—the “ceiling”. A price floor keeps a cost from falling underneath a certain level—the “floor”. We can utilize the request and supply system to get it to cost ceilings. In numerous markets for products and services, demanders outnumber providers.

Rent controls, which limit how much proprietors can charge month to month for residences are a case of a price ceiling. this is an example of a price ceiling.

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