price ceiling in English
maximum price at which a good can be sold legally (Economics)
Use "price ceiling" in a sentence
1. Even quality goods must have a price ceiling.
2. If an effective price ceiling is imposed, is there any dissipation of rent?
3. To be effective, price ceiling must be set below the equilibrium price ( Pe ).
4. Which causes a shortage of a good - a price ceiling or a price floor?
5. Give an example of a price ceiling and an example of a price floor.
6. Lovers of classical music persuade Congress to impose a price ceiling of $ 40 per ticket.
7. A price Ceiling is the mandated maximum amount a seller is allowed to charge for a product or service