197k views
5 votes
A good example of a government imposed-price ceiling is:

User Dnlbrky
by
8.6k points

1 Answer

3 votes
A price ceiling would exist on items like the rent for apartments, which some municipalities would place on landlords as a way of making sure people find affordable housing. By setting the price at a maximum, the government has imposed a ceiling above which it is illegal to charge.
User Nick Farina
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.