What is Ceiling Price?
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What is Ceiling Price?

What is Ceiling Price?
in Economics
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What is Ceiling Price? Or, What is meant by Ceiling Price? Define Ceiling Price?
in Economics
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Ceiling Price refers to the maximum price of a product, as fixed by the Government. Often, the ceiling price is fixed lower than the equilibrium price. 

Government fixes this price to ensure the availability of essential commodities to the weaker section of the Society.

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