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What is price ceiling ?

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What is price ceiling ?

    • Posted by Mandeep Dogra 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Yas S 7 years, 11 months ago

    Price ceiling means maximum limit. The maximum prices are charged by the sellers from the consumers. Government fixes the minimum amount which is lower than the market equilibrium price. It is done for the welfare of the consumers

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