Changes

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.