A price ceiling is a government regulation stipulating the maximum price that can be charged for a product.

Name: A price ceiling is a government regulation stipulating the maximum price that can be charged for a product.
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Quizplus · Accepted Answer

A price ceiling is indeed a government-imposed limit on how high a price can be charged for a product, intended to protect consumers from excessively high prices.

A Price Ceiling Is a Government Regulation Stipulating the Maximum