A price ceiling occurs when the government puts a legal limit on how high the price of a product can be. In order for a price ceiling to be effective, it must be set below the natural market equilibrium.When a price ceiling is set, a shortage occurs. For the price that the ceiling is set at, there is more demand than there is at the equilibrium price.There is also less supply than there is at the equilibrium price, thus there is more quantity demanded than quantity supplied.n inefficiency occurs since at the price ceiling quantity supplied the marginal benefit exceeds the marginal cost. This inefficiency is equal to the deadweight welfare loss. Recent increases in the price of gas have left many individuals asking for a price ceiling on gas. You now see why this is a bad idea.
Meaning of Mattox. English name. In English, the name Mattox means-gods gift.The name Mattox originated as an English name. The name Mattox is a unisex name and can be used for a boy or girl name (male or female).English Name Meaning-gods gift.Origin-England.nglish name. In English, the name Mattox means-gods gift.The name Mattox originated as an English name. The name Mattox is a unisex name and can be used for a boy or girl name (male or female). English Name Meaning-gods gift.
The baby boy name Matthijs is of Dutch origin. Matthijs meaning, Matthijs popularity, Matthijs hieroglyphics, Matthijs numerology, and other interesting facts.