A price ceiling is the lowest price a seller can charge without losing all of its customers. a legal minimum price below which a good or service cannot be sold. a nonprice rationing device. a legal price above which a good or service cannot be sold.
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Home » Business » A price ceiling is the lowest price a seller can charge without losing all of its customers. a legal minimum price below which a good or service cannot be sold. a nonprice rationing device. a legal price above which a good or service cannot be sold.