what r d different types of price ceiling

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Solution

Hey Devika,

There are two types of price ceiling:
1. Binding Price Ceiling- This occurs when the equilibrium price is above the ceiling.
2. Non-binding Price Ceiling- This occurs when the equilibrium price is below the ceiling.

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Similar questions

Can you think of any commodity on which price ceiling is imposed in India? What may be the consequences of price ceiling?

Price Ceiling is a legal maximum on the price of a good or service. An example of price ceiling is rent control.

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