![]() ![]() imposition thesaurus demand trick imposture fraud delusion deception cheating tax injunction enjoinder charge burden obtrusion infliction imposure. Synonyms for imposition Scrabble the word imposition. In the long run, the extra 20 people will try to get a house on rent, which will eventually give rise to black market and higher rents. a task imposed on a student as punishment. At this rate there is a shortage (demand for 40 houses, but supply is for only 20 houses). Now, the government determines a price ceiling of Rs. 3 has been determined as the equilibrium price with the quantity at 30 homes. However, prolonged application of a price ceiling can lead to black marketing and unrest in the supply side.įor example: Let's consider the house-rent market. This is done to make commodities affordable to the general public. Price ceiling has been found to be of great importance in the house rent market.ĭescription: Government imposes a price ceiling to control the maximum prices that can be charged by suppliers for the commodity. It has been found that higher price ceilings are ineffective. Definition: Price ceiling is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. ![]()
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