A few days later, price ceilings on many retail products take effect.
With its price ceiling of £4,000/€5,000/$10,000, the fair aims to appeal to and make art accessible for all.
However, a price ceiling can cause problems if imposed for a long period without controlled rationing.
In an unregulated market economy price ceilings do not exist.
In Canada, the government strips out the cost of such research and imposes a low price ceiling.
"I would imagine at some point, in some marketing plan, we will use a price ceiling."
Electricity, for example, is a good that has typically been subject to price ceilings in many countries.
The days of breaking the $30 price ceiling seem, for the moment at least, to have vanished.
Instead, he advocates the use of price ceilings for various services.
The new price ceilings for food effectively cover both the public and private stores.