Question

A price ceilingâ is:________

A. a minimum price that buyers may charge for aâ good, usually set by those who sell the good.
B. a maximum price that sellers may charge for aâ good, usually set by government.
C. a maximum price that buyers are willing to pay for aâ good, usually set by government.
D. a minimum price that sellers may charge for aâ good, usually set by government.

Answer 1

B A maximum price that sellers may charge for a good, usually set by government.

Step-by-step explanation:

Price ceiling is a act of consumer protection taken by government to ensure that customers are not charged excessive for any product. Usually the price ceiling is set for basic necessity items which are used in day to day use of consumers.