the highest amount a landlord can charge for rent is an example of an incentive. a price floor. a price…
the highest amount a landlord can charge for rent is an example of an incentive. a price floor. a price ceiling. an elastic service.
Answer
Brief Explanations:
A price - ceiling is a legal maximum price. The highest amount a landlord can charge for rent is a legal maximum, which fits the definition of a price - ceiling. An incentive is something that encourages action, a price - floor is a legal minimum price, and an elastic service relates to how responsive quantity demanded is to price changes.
Answer:
a price ceiling.