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1 December, 17:28

If your seller cost is $8.00 and the price ceiling is $7.00, you will:

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  1. 1 December, 17:38
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    If your seller cost is $8.00 and the price ceiling is $7.00, you will: Be unable to sell a book for a profit

    Seller Cost refers to the total expense that you have to pay until the product is distributed, while price ceiling is the maximum price imposed by the Government for the product.

    The only way for you to obtain profit in this situation is if you could reduce the total operational expense.
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