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Difference between Price celling and price …

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Difference between Price celling and price floor

    • Posted by Priyanshu Dabas 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 4 answers

    Anjali Yadav 7 years, 11 months ago

    Price celling means maximum price fixed by govt and price floor means minimum price fixed by govt

    0Thank You

    Mimansha Rawat 7 years, 11 months ago

    Price ceiling lies below the equilibrium level and price floor lies above the equilibrium level

    0Thank You

    Mikun Mk 7 years, 11 months ago

    Price ceiling is the fixation of maximum price lower than equilibrium price for a commodity by the government. Price floor is the fixation of minimum price more than equilibrium price which the producer must be paid for its produce.

    1Thank You

    Harshika Singh 7 years, 11 months ago

    Price celling is the highest price of goods where as price floor is the lowest price of goods.

    1Thank You

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