234
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: +
no edit summary
[[Image:Price_Ceiling.gif|right|]]
A price ceiling, also known as a price control, a government regulation prohibiting the sale of a good or service above a fixed price. Rent control on older dwellings in large cities, such as New York City, is an example of a price ceiling. Price controls during World War II are also examples of price ceilings.
A price ceiling, also known as a price control, a government regulation prohibiting the sale of a good or service above a fixed price. Rent control on older dwellings in large cities, such as New York City, is an example of a price ceiling. Price controls during World War II are also examples of price ceilings.
[[category:economics]]
[[category:economics]]