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Price ceiling (view source)

Revision as of 02:46, April 9, 2007

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New page: 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, suc...
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.
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