Let's take a closer look at an example. A price ceiling is the maximum price that can be charged. If the price is set below the equilibrium price, the price ceiling is said to be effective (or binding).
Criminal vagrancy laws were originally aimed at those wanderers and. beggars physically capable of working.24 However, in 1744 vagrancy. crimes were divided into three classes: idle and disorderly persons, rogues and vagabonds, and incorrigible rogues.
The U.S. Supreme Court ruled in 1886 that Illinoisâ granger laws were unconstitutional because they attempted to control interstate commerce, which had been deemed a responsibility of the federal government by Gibbons v. Ogden (1824).