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A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service.Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
Reasons given for these laws include residents owning their homes while renting the land the home sits on, the high cost of moving mobile homes, and the loss of home value when they are moved. California, for example, has only 13 local apartment rent control laws but over 100 local mobile home rent control laws.
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Shortages (in the technical sense) may be caused by the following causes: Price ceilings, a type of price control which involves a government-imposed limit on the price of a product or service. Anti-price gouging laws. Government ban on the sale of a product or service, such as prostitution or certain recreational drugs.
Need a new computer, television or phone? You might want to consider getting one now. That’s because President Donald Trump said on Tuesday that a new 10% across-the-board tariff on Chinese ...
Price floors impose a minimum price at which a transaction may occur within a market. These can be enforced by the government, as well as by non-governmental groups that are capable of wielding market power. In contrast to a price floor, a price ceiling establishes a maximum price at which a transactions can occur in a market.
As evidenced by the combative debt-ceiling debate, fiscal concerns have overtaken all others in Washington. The initial deal calls for defense to take a $350 billion hit, but another round of cuts ...