Economy, asked by meltingheart, 1 month ago

wht is price ceiling ?

Answers

Answered by Anonymous

Explanation:

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.

meltingheart: tq alone

Anonymous: hmm

Answered by ItzImperceptible

Answer:

A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive

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