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What is minimum price ceiling?
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What is minimum price ceiling?
Ceiling is max price which is set below the equibrim price and floor is min price which is set above the equilibrium price so they both cant be same.....i other words if i explain ....Price ceiling Price ceiling means maximum price of a commodity that the seller can charge from the buyersthe government fixes this price much below the equilibrium market price of a commodity. so that, it. becomes within the reach of the poorer sections of the society.Price ceiling is policy of government intervention in free market to support consumers.in this government fixes maximum price at which commodity can be traded in the market (which is less than the equilibrium price)  Price Floor It means the minimum price fixed by the government for a commodity in the market....Price floor is the policy of central government to intervention in free market to support the producers when government finds minimum price lower than the desired.under this policy government fixes minimum price at which commodity can be traded in the market(this price is higher than the equilibrium price)I hope now u have understood ....
Community Answer
What is minimum price ceiling?
It is the price decide by the govt for some essential commodities which is less than the equilibrium price govt do this bcoz there r some commodities which r vry neccassery for livelihood n it has a vry high demand n supply is not that much high thats why its prices go vry high that the poor cant afford these commodities on eq prices so govt decide a price less than eq price hope it is helpful for uh n if u cant understand thn u can msg me
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What is minimum price ceiling?
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What is minimum price ceiling? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is minimum price ceiling? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is minimum price ceiling?.
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