the highest amount a landlord can charge for rent is an example of\no an incentive.\no a price floor.\no a…

the highest amount a landlord can charge for rent is an example of\no an incentive.\no a price floor.\no a price ceiling.\no an elastic service.

the highest amount a landlord can charge for rent is an example of\no an incentive.\no a price floor.\no a price ceiling.\no an elastic service.

Answer

Answer:

C. a price ceiling.

Brief Explanations:

A price ceiling is a legal - imposed maximum price. Here, the highest amount a landlord can charge for rent is a maximum price, thus it's a price ceiling. An incentive is something that encourages action. A price floor is a minimum price. Elasticity relates to responsiveness of quantity demanded or supplied to price changes.