What Is a Price Ceiling? A price ceiling is the maximum amount a seller is permitted to charge for a product or service. It is usually set by law and is typically applied to staples such as food ...

Melissa is a freelance writer who covers home decor, beauty, and fashion. She’s written for MyDomaine, The Spruce, Byrdie, and The Zoe Report. Originally from Oregon, she's currently living in the UK.