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nasty-shy [4]
3 years ago
6

What is a price ceiling?

Business
2 answers:
Charra [1.4K]3 years ago
6 0

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.

Sergeu [11.5K]3 years ago
6 0

Answer:

type of price control, usually government mandated

Explanation:

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