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1 vote
The highest amount a landlord can charge for rent is an example of

A-an incentive
B-a price floor
C-a price ceiling
D-an elastic service

asked
User Paladini
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2 Answers

2 votes

Answer:

C

Step-by-step explanation:

answered
User Rahmat Fathoni
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2 votes

The highest amount a landlord can charge for rent is an example of "a price ceiling".


A price ceiling is the most extreme value a seller is permitted to charge for an item or administration. Value roofs are typically set by law and limit the seller evaluating framework to guarantee reasonable and sensible business rehearses. Price ceilings are regularly set for fundamental costs; for instance, a few territories have lease roofs to shield leaseholders from climbing rent costs.

Price ceilings are controls intended to shield low-salary people from not having the capacity to manage the cost of critical assets.

answered
User Bryce Russell
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