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What are price ceiling

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What are price ceiling
  • 2 answers

Anushka Srivastava 6 years, 3 months ago

1-Its is a maximum price set up by the govt. to secure the interest of consumer 2- it lie below the line of equilibrium 3- it's also known as control price 4- it leads the situation of excess demand of goods which will be distributed by govt. through ration shops

Yas S 6 years, 4 months ago

It means maximum price charged by producers from the consumers. The government fixes this amount lower than the equilibrium price for the welfare of the people
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