Economy, asked by kavitaparmar2572, 6 months ago

Difine price ceiling with curve

Answers

Answered by Anonymous

17

Answer:

Definition: Price ceiling is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. It has been found that higher price ceilings are ineffective. ... For example: Let's consider the house-rent market. Here in the given graph, a price of Rs.

Answered by ItzVash003

9

Answer:

re than or less than the equilibrium price determined by market forces of demand and supply. It has been found that higher price ceilings are ineffective. ...

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