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The long-term effects binding price ceiling | chron., In macroeconomics, lack price controls markets maintain prices quantities equilibrium. equilibrium supply demand curve. Price ceilings - economics, In order price ceiling effective, set natural market equilibrium. price ceiling set, shortage occurs. price ceiling set , demand equilibrium price.. The effect price ceiling - personal.kent., 2 price ceilings effect price ceiling • people evade ceiling. • suppliers, shift supply curve $evade p.