price ceiling

Frequency: 8.012.1 per million words

a maximum price for a product or service, often set by a government

ceilingNOUN + NOUN (limit)

Categories:

price

Examples (10)

  • The government imposed a price ceiling on essential medicines to make them more affordable.
  • A low price ceiling can sometimes lead to shortages if suppliers cannot make a profit.
  • Rent control is essentially a price ceiling for the housing rental market.
  • Economists debated whether lifting the price ceiling on fuel would stabilize the supply.
  • The regulatory agency will set a new price ceiling for utility services next year.
  • During the national emergency, strict price ceilings were placed on basic foodstuffs.
  • The effectiveness of a price ceiling often depends on how it is enforced.
  • When the price ceiling is below the market rate, it can create a black market.
  • The commission voted to raise the price ceiling on telecommunication services.
  • Businesses are advocating to abolish the price ceiling and allow for free competition.