explain the implication of price ceiling....!!!!
use diagram (6 marks)
The implications of price ceiling have been extensively covered in the study material that is available on our website. Refer to the below link to go through this topic.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/market-equilibrium/338_1984_5824#slide4_price-ceiling-price-floor-and-wage-determination
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/market-equilibrium/338_1984_5824#slide4_price-ceiling-price-floor-and-wage-determination