What in price ceiling or price floor
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Price ceiling refers to the maximum price of a commodity lower than equilibrium price at which the seller can legally sell their products ....
hope it helps !!
hope it helps !!
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Answer:
Price Ceiling occurs when the government puts a legal limit on how high the price of the product can be.
Price Floor is a government or group imposed price control or limit on how low price can be charged for a product.
Explanation:
Price ceiling and price floor is different.
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