Economy, asked by rk8072275, 9 days ago

What does the ceiling price refer to ?
Minimum support price maximum
support price Minimum ceiling price Maximum ceiling price

Answers

Answered by TApain

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. ... Description: Government imposes a price ceiling to control the maximum prices that can be charged by suppliers for the commodity.

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