2 Answers

Sagar Khatri · Answer 1 · 2017-07-24T16:40:48+0000

A price ceiling is when a government decides what the maximum price for a certain commodity or a product can be. It can be put to good use if the people are poor and cannot purchase a necessary product such as flour or water or similar. Then the government can help them procure it with a price ceiling.

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