Explain the meaning and need for price ceiling with the help of diagram. Explain black marketing
as its direct consequence.pls answer
Answers
Answer:
https://goo.gl/search/Explain+the+meaning+and+need+for+price+ceiling+with+the+help+of+digram.
Explain the meaning of price ceiling with the help of a diagram ... Price ceiling refers to fixing the maximum price of a commodity at a level lower the equilibrium price. ... In the diagram, demand curve DD and supply curve SS of wheat intersect each other at point E and, as a result, the equilibrium price of OP is determined.
Explanation:
hope it helps you.happy to help you
Answer:
price ceiling refers to fixing the maximum price of a commodity at a level lower than the equilibrium price.
Black Marketing :
black market is any market in which the commodities are sold at a price higher than the maximum price fixed by the government.
Answer Complete........
