A price ceiling is A) the lowest price a seller can charge ...

[soccerdreamer_17]

A price ceiling is
 
  A) the lowest price a seller can charge without losing all of its customers.
  B) a legal minimum price below which a good or service cannot be sold.
  C) a legal price above which a good or service cannot be sold.
  D) a nonprice rationing device.

Question 2

The quantity supplied of a particular good is the amount of the good that
 
  A) households are willing to consume at each particular price.
  B) firms will actually end up buying at a particular price during a given time period.
  C) firms are willing to sell at each price during a particular time period.
  D) households want firms to sell at each price during a particular time period.

[jrpg123456]

Answer to Question 1

C

Answer to Question 2

C

[soccerdreamer_17]

Thanks for the timely response, appreciate it

[alvinum]

Gracias!