price is fixed at equilibrium level
price is fixed above equilibrium level
price is not fixed but determined by demand and supply
price is fixed below equilibrium level
none of the above
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Y'all are jokers...
Price control is a government regulation establishing a maximum price to be charged for specified goods and services, especially during periods of war or inflation.
in Economics, when Government sets maximum price it means price is fixed below equilibrium level...please take note
Price is govt intervention of contrln de price goods and service below de normal price. D ans
is price control not related to terms like the price celing and the price floor. Price control is when the prices of goods are regulated by the government. price equlibrium is when quantity demanded= quantity supplied. Can someone pls explain relating to these terms?
NT TRUE COS PRICE CONTROL IS FIXED EITHER BELOW EQUILIBRUM LEVEL OR ABOVE D EQUILIBRUM LEVEL. E SHOULD B D ANSWER
The question isn't clear, it didn't state if it was price ceiling or price floor they were referring to
