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Price Ceiling

   Also found in: Wikipedia 0.01 sec.
Price Ceiling
The highest price for a good or service permitted by a government. A government may impose a price ceiling to protect consumers or to combat inflation. Many economists believe setting price ceilings is economically inefficient and a better response is to find a way to increase the supply of a good or service in order to bring down prices.
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for further proof, look at how the value of platinum has hit a plateau and is rebounding off the $1,200 price ceiling ?
Platinum Has the Time Come to Sell? by David D DeWitt / Business community
You have to set the price ceiling and the limitation.
Choosing Among Small Business Web Hosting Package by Chitawee Wongtapha / Computers and Internet community
The cost of a number of essential drugs will be slashed in the Philippines after the government said Tuesday it had imposed price ceilings on them.
Philippines sets price ceilings on 'essential' drugs by AFP / AFP Global Edition
 
 
 
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