The Imposition Of A Binding Price Ceiling On A Market Causes
The Imposition Of A Binding Price Ceiling On A Market Causes. The binding price ceiling (pc) is an effective price ceiling that is below the equilibrium price (pe), so it binds market forces, preventing the restoration of the market equilibrium. A price ceiling keeps a price from rising above a certain level—the “ceiling”.
Consider a rental market with an equilibrium of $600/month. Which of the following will cause a decrease in producer surplus? Some effects of price ceiling are.