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Price Ceiling

by James Tierney

This is a classic example of a price ceiling, where the government comes in and sets a maximum price on what can be changed to consumers. One of the most prolific examples of price ceilings is rent control. In this episode of Friends, Chandler brags about how because the apartment was rent controlled, it was a 'freaking steal!'

Friends -- Rent Control

In the final episode of friends, Chandler Bing mentions how much of a steal the apartment was because of rent control.

from Friends (2004)
Creator: Warner Bros Television
Distributor: YouTube
Posted by James Tierney