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price ceiling: a legal maximum on the price at which a good can be sold.
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∙ 13y ago
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Can an emancipation patent be sold?
No, an emancipation patent cannot be sold as it represents the legal process of gaining independence or freedom from a guardian or controlling entity, typically for a minor. It is not a commodity that can be transferred or sold.
When a sheriff sale occurs what does sold for coststaxes to plaintiff mean?
"Sold for costs/taxes to plaintiff" means that the property was sold at a sheriff sale to cover outstanding costs and taxes owed by the previous owner, and any remaining proceeds will go to the plaintiff who initiated the legal action. This language typically indicates that the sale proceeds will first satisfy the costs and taxes before any other claims are settled.
What were the two ways slaves were sold?
Slaves were typically sold through public auctions where buyers bid on individuals, or through private sales where a buyer negotiated directly with the seller for a set price.
What is the difference between legal and illegal diamonds?
Legal diamonds are mined and sold in accordance with international regulations and do not contribute to conflict or human rights abuses. Illegal diamonds, also known as blood diamonds, are mined and sold in violation of these regulations, often fueling armed conflicts and human suffering. It is important to purchase diamonds from reputable sources to ensure they are ethically sourced and conflict-free.
Are switchblades legal in Vermont?
As a matter of fact, there is a 'police supply' gun shop in Waterbury that sells, among other items, several high price auto knives. They are sold over the counter and since the shop is frequented by hundreds of LEO's,if it is against the law, it is not enforced.When asked, a clerk at the shop replied, "they are legal in Vermont"
What is a price ceiling and a price floor?
Price ceiling- a legal maximum price that may be changed for a particular good or service. Price floor- a legal minimum price below which a good or service may not be sold.
When are price ceilings and price floors binding?
A price ceiling is the legal maximum price at which a good can be sold, while a price floor is the legal minimum price at which a good can be sold. A price ceiling is only binding when the equilibrium price is above the price ceiling. The market price then equals the price ceiling and the quantity demanded exceeds the quantity supplied, creating a shortage of goods. A price floor is only binding when the equilibrium price is below the price floor. The market price then equals the price floor and the quantity supplied exceeds the quantity demanded, creating a surplus of goods.
What are the concequences of implimenting minumum or maximum prices for goods and services?
When a maximum price is set for a good or service, it is set below the equilibrium. This is supposed to help consumers but due to the excess demand, a black market will emerge and goods and services will be sold at black market prices (which will be higher than the maximum price or price ceiling) A minumum price is set abouve the equlibrium price. This is done to help producers, however all this will do is create an excess supply and a black market will emerge where goods will be sold at a lower price.
What is maximum price legislation?
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
What is the edict of prices?
it is th intermological theogomolic substance of the roman empire henceforth he supeth to the firnial and puketh. Or rather, a law stating the maximum price that certain goods could be sold for
What is a price cap?
It's an action, usually taken by a goverment. A maximum price is put on a transaction, service, or item for sale and the "price cap" is the highest amount it can be sold for, until the cap is lifted.
What is the word for how much a good or service will be sold in the market?
Retail price?
In the game Megaten What is plasma for?
you farm them for items that can be sold for a good price in large quantities
How do you margin?
Calculating gross margin is done by taking the price of the good being sold and taking away the cost of the goods being sold. This, however, is normally given as a percentage so it is the Price of the good minus the cost of the goods, divide this by the price of the goods and then multiply by 100 to get the percentage margin.
How do you calculate margine?
Calculating gross margin is done by taking the price of the good being sold and taking away the cost of the goods being sold. This, however, is normally given as a percentage so it is the Price of the good minus the cost of the goods, divide this by the price of the goods and then multiply by 100 to get the percentage margin.
When the quantity sold of a good changes significantly in response to changes in price its demand is?
highly elastic
When the quantity sold of a good changes significantly in response to changes in price its demand?
highly elastic
