Difference between revisions of "Price ceiling"
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A price ceiling, also known as a price control, a government regulation prohibiting the sale of a good or service above a fixed price. Rent control on older dwellings in large cities, such as New York City, is an example of a price ceiling. Price controls during World War II are also examples of price ceilings. | A price ceiling, also known as a price control, a government regulation prohibiting the sale of a good or service above a fixed price. Rent control on older dwellings in large cities, such as New York City, is an example of a price ceiling. Price controls during World War II are also examples of price ceilings. | ||
[[category:economics]] | [[category:economics]] | ||
Revision as of 03:36, May 15, 2007
A price ceiling, also known as a price control, a government regulation prohibiting the sale of a good or service above a fixed price. Rent control on older dwellings in large cities, such as New York City, is an example of a price ceiling. Price controls during World War II are also examples of price ceilings.