What is the primary purpose of a price ceiling in a market?

The primary purpose of a price ceiling in a market is to keep prices from rising too high, making essential goods more affordable for consumers. When a government sets a price ceiling, it places a limit on how much sellers can charge for certain products, like rent or basic food items. This is especially important during times of crisis or economic hardship, as it helps ensure that everyone can access necessary resources. For example, if the government sets a price ceiling on rent, it prevents landlords from charging excessively high rents, allowing more people to find housing. However, while this may help some consumers, it can also lead to shortages if suppliers are unwilling to sell at lower prices.