Price Ceiling in Economics: Definition, Effects & Examples

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question 1 of 3

A price ceiling is a price imposed by _____.

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1. What does a price ceiling do?

2. A price ceiling is helpful only if it is set below the _____?

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About This Quiz

Price ceiling is a concept that is often used in economics. Quiz questions will test your knowledge about price ceiling and definitions associated with this economic term.

Quiz & Worksheet Goals

This quiz will test you on the following:

  • What a price ceiling does
  • When a price ceiling is helpful
  • Definition of market equilibrium price
  • Effects of a price ceiling

Skills Practiced

While completing this quiz, students will be able to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information regarding price ceiling in economics
  • Defining key concepts - defining key phrases such as market equilibrium and price ceiling
  • Information recall - access knowledge you have gained to answer questions regarding the effects of a price ceiling

Additional Learning

By reviewing the lesson titled Price Ceiling in Economics: Definition, Effects & Examples, you will also have access to the following information:

  • How supply and demand affects price ceilings
  • Why price ceilings are necessary
  • The differences between price ceilings and price floors
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