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Meaning of maximum price

 

 

 

Maximum price

 

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Business glossary

 

Meaning of term maximum price :

 

A maximum price is an upper limit in a market set by a government or other agency above which the price charged is not allowed to rise. The effect of this will generally be to create excess demand in a market if the maximum is set below the current equilibrium price.

 

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Meaning of term maximum price

 

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