Meaning of “price ceiling” in the English Dictionary

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"price ceiling" in Business English

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price ceilingnoun [ C ]

uk us

ECONOMICS, GOVERNMENT an upper limit set by a government on the price that can be charged for a product or service:

Recent increases in the price of gas have left many individuals asking for a price ceiling on it.

(Definition of “price ceiling” from the Cambridge Business English Dictionary © Cambridge University Press)