Answer :
Final answer:
c) Price ceilings
Price 'gouging' laws, used to prevent extreme price increases during crises, are recognized as an example of price ceilings.
Explanation:
Price 'gouging' laws are commonly seen as an example of price ceilings. This form of economic policy is used to prevent sellers from raising prices to extreme levels, particularly during emergencies or crises. A price ceiling is a regulatory measure that establishes a maximum price for a particular good or service. By contrast, a price floor sets a minimum price. These measures are both types of market intervention, intended to protect consumers and maintain economic stability.
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