| |
price ceiling a price, usually imposed by law, above which market prices are not permitted to rise, also called a ceiling price, see price floor price competition ...
For instance, in some industries, government regulation may set price ceilings (how high price may be set) while in other industries there may be price floors (how low price may be set).
See also: Elasticity, Customer, Market, Predatory Pricing, Price Discrimination
 
|