Price ceilings are most commonly used in:

Name: Price ceilings are most commonly used in:
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Price ceilings are often used in low income nations as a way to try and control the cost of basic necessities and prevent price gouging. In these nations, there may be a lack of competition and market inefficiencies which can lead to high prices that some consumers cannot afford. Price ceilings may be used to help keep prices low and ensure access to essential goods and services.

Price Ceilings Are Most Commonly Used In