According to the concept of supply and demand, any product will find an equilibrium selling price. This is the price at which sellers are prepared to sell, and buyers are prepared to buy based on the ...

A price ceiling policy is designed to prevent prices from rising above some predetermined limit on an indeterminate number of products in an economy. A price ceiling policy and a price controls policy ...

What Is a Price Ceiling? A price ceiling is the maximum amount a seller is permitted to charge for a product or service. It is usually set by law and is typically applied to staples such as food and ...