A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is and a price above the price ceiling is .

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12-07-2022
Business

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A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is and a price above the price ceiling is .

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-07-15T18:35:25+02:00

A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is legal and a price above the price ceiling is illegal.

What is price ceiling?

Price ceiling is used to determine the lowest or highest price to which a product can be sold in the market.

Hence, a price ceiling is the highest legal price a seller may charge where a price of a product at or below the ceiling is legal and a price of product above the price ceiling is illegal.

Learn more about price ceiling here:https://brainly.com/question/1448982

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A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is ______ and a price above the price ceiling is ______.

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What is price ceiling?

Otras preguntas

A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is and a price above the price ceiling is .