What is Price Ceiling

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. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages. Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. On the other hand, price ceilings give a government to the power to prevent corporations from price gouging or otherwise setting prices that create negative outcomes for the government's society.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Price ceiling

Chapter 2: Oligopoly

Chapter 3: Economy of Venezuela

Chapter 4: Cartel

Chapter 5: Price fixing

Chapter 6: Collusion

Chapter 7: Price

Chapter 8: Anti-competitive practices

Chapter 9: Market clearing

Chapter 10: Price controls

Chapter 11: Price floor

Chapter 12: Resale price maintenance

Chapter 13: Shortage

Chapter 14: Commerce Commission

Chapter 15: United Kingdom competition law

Chapter 16: Economic policy of the Hugo Chávez administration

Chapter 17: Economic policy of the Nicolás Maduro administration

Chapter 18: Shortages in Venezuela

Chapter 19: Economic history of Venezuela

Chapter 20: Coulter Law

Chapter 21: SUNDDE

(II) Answering the public top questions about price ceiling.

(III) Real world examples for the usage of price ceiling in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Ceiling.

Microeconomics