Discover what administered prices are, their role in economies, examples from history, and how they impact supply, demand, and economic efficiency.

This time of year you're probably doing a lot of shopping and may be finding that some items you were hoping to buy as a gift are out of stock. But most days, people all over the U.S. go to stores to ...

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above this price, that ...

A price ceiling policy is designed to prevent prices from rising above some predetermined limit on an indeterminate number of products in an economy. A price ceiling policy and a price controls policy ...