Which of the following is an example of a price ceiling?

Rent Control

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Subsidy

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Minimum support price

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Minimum wage

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Solution

The correct option is A Rent Control
Rent control places a maximum limit on the rent. It is an example of a price ceiling.

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Which of the following is an example of a price ceiling?

The correct option is A Rent ControlRent control places a maximum limit on the rent. It is an example of a price ceiling.

The correct option is A Rent Control
Rent control places a maximum limit on the rent. It is an example of a price ceiling.