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Difference between price ceiling and price …

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Difference between price ceiling and price floor

Posted by Pallavi Tiwari 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Payal Kumari 7 years, 4 months ago

The maximum price is also called price ceiling.Maximum price is a law or regulation which holds the market price below the equilibrium price. On the other hand side, support price or minimum price is also called price floor. Minimum support price is a law or regulation which holds the market price above the equilibrium price.

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