ECS1501 ASSESSMENT 2024 EPECTED COMPLETE
QUESTIONS AND CORRECT ANSWERS A+ GRADED
price ceiling - ANSWER-A legal
maximum on the price at which
a good can be sold
price floor - ANSWER-A legal
minimum on the price at which
a good can be sold
Price ceiling impacts - ANSWER-
A persistent shortage (excess
QUESTIONS AND CORRECT ANSWERS A+ GRADED
price ceiling - ANSWER-A legal
maximum on the price at which
a good can be sold
price floor - ANSWER-A legal
minimum on the price at which
a good can be sold
Price ceiling impacts - ANSWER-
A persistent shortage (excess