Question

What is a price ceiling?

Answer 1

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

Answer 2

Answer:

    Price ceiling would be the maximum value for the purchase of a particular asset, for example the XYZ share with a ceiling price of $ 10, means that according to the valuation of Bodies such as the state, it would be a good business to buy it up to that price.

    Clear examples are rent control (setting rent ceilings), gasoline price controls or setting price caps on numerous wartime products.