Question

Price co
ceiling
is imposed above the equilibriur
Poicoचॉइस फिलिंग इज इन्फो अबाउट द ट्रू ओर फॉल्स ​

Answer 1

Answer:

Key points. Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.