A government-imposed upper limit on the price that may be charged for a product. If that limit is binding, it implies a situation of excess demand and shortage.
Related information about price ceiling:
- Price ceiling - Wikipedia, the free encyclopedia
A price ceiling is a government-imposed limit on the price charged for a product. Governments intend price ceilings to protect consumers from conditions that ...
- Price Ceilings - Economics
A price ceiling occurs when the government puts a legal limit on how high the price of a product can be. In order for a price ceiling to be effective, it must be set ...
- Price Ceiling Definition | Investopedia
The maximum price a seller is allowed to charge for a product or service. Price ceilings are usually set by law and limit the seller pricing system to ensure fair ...
- Price Ceiling Definition & Example | InvestingAnswers
We explain the definition of Price Ceiling, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
- Advantages & Disadvantages of a Price Ceiling | Chron.com
Price ceilings, a commonly utilized method of price control, have been in practice since ancient times. Hugh Rockoff, author of the article Price Controls, makes ...
- Price Ceilings
A price ceiling set above the equilibrium market-clearing price is usually as irrelevant as a law limiting joggers to 65 miles per hour. But price ceilings below ...
- Price Ceiling | Economics: Government Intervention | College-Cram ...
This Cramlet explains the concept of the price ceiling and the impact it can have on pricing, consumer demand, and production.
- Chapter 8 Price Ceilings and Floors 1. Price Ceilings
Define “price ceiling” and draw it on the demand – supply graph. 2. ... Explain how goods and services are rationed if there is a price ceiling. 5. Define “black ...