Price Ceiling

The highest legal price a commodity can be sold at. Price ceilings are used by the government to prevent prices from being too high.

India's Price Ceiling on Uber Rides Hurts Riders, Drivers and the Economy

Recent regulatory blowback against Uber, Lyft and other ridesharing services around the world have reignited the ongoing regulatory policy debate surrounding the ride service in India, Uber’s second biggest market in terms of cities where it operates.

Price Ceilings: Deadweight Loss

In this video, we explore the fourth unintended consequence of price ceilings: deadweight loss. When prices are controlled, the mutually profitable gains from free trade cannot be fully realized, creating deadweight loss
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