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What is mean by price ceiling …

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What is mean by price ceiling and price floor tell me guys

    • Posted by Samyuktha Sundaresan 6 years, 8 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Samyuktha Sundaresan 6 years, 8 months ago

    Thank you digvijay

    0Thank You

    Digvijay Pandey 6 years, 8 months ago

    Price ceiling refers to fixing the maximum price of a commodity at a level lower than the equilibrium price. Price floor refers to the minimum price fixed by the government which the producers must be paid for their produce.

    4Thank You

    ANSWER
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