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.
1 Vagrancy (biology) , the state of roaming or growing far outside of ones species' usual range. 2  Vagrant lichen, a lichen that is either not attached to a substrate, or can become unattached then blow around, yet continue to grow and flourish.