Definitions for "Price ceiling"
A government-imposed upper limit on the price that may be charged for a product. If that limit is binding, it implies a situation of excess demand and shortage.
A maximum price that sellers may charge for a good, usually set by the government.
A legally established maximum price for a good or service.
a price set and maintained by the government to artificially lower prices
Keywords:  rise, situation, above, level, allowed
a situation where the price is not allowed to rise above a certain level
Keywords:  upper, legal, limit
The upper legal limit on a price.