it is the opposite of minimum price legislation.it is the commodity sold at a price above the one stated whereby the seller can increase the price of the commodity at will without prejudice
price legislation is a system in which laws are being made in the price of things
Price lagislature
Maximum price legislation is often implemented to protect consumers from exorbitant prices, especially for essential goods during crises or emergencies. It aims to prevent price gouging and ensure affordability for low-income individuals. Additionally, such regulations can help stabilize markets by curbing inflationary pressures. However, they can also lead to shortages if prices are set too low, as suppliers may reduce production or withdraw from the market.
what is the advantages and disadvantages of price legistlation
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
price legislation is a system in which laws are being made in the price of things
Price lagislature
Maximum price legislation is often implemented to protect consumers from exorbitant prices, especially for essential goods during crises or emergencies. It aims to prevent price gouging and ensure affordability for low-income individuals. Additionally, such regulations can help stabilize markets by curbing inflationary pressures. However, they can also lead to shortages if prices are set too low, as suppliers may reduce production or withdraw from the market.
what is the advantages and disadvantages of price legistlation
It depends on local legislation.
It depends on local legislation.
FMVSS 108 says the maximum candlepower of headlamps is 200,000
It depends on local legislation.
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
Price Floor.
A legal maximum price at which a good can be sold is a price ceiling. It is set by the government to protect consumers from high prices, but it can lead to shortages and reduce incentives for producers to supply the good.
I do not believe that this particular subject is regulated by legislation.