A price freeze and a price ceiling are both measures used in economics, but they have different purposes and effects: "Executive Order (EO) 39, signed for President Marcos by Executive Secretary Lucas Bersamin on Aug. 31, set the price ceiling for regular milled rice at P41 per kilo and P45 a kilo for well-milled rice nationwide, effective yesterday." - PHILSTAR Price Freeze a) A price freeze is a government-imposed restriction that prevents the prices of certain goods or services from increasing for a specified period. It essentially "freezes" the prices at their current levels. b) Price freezes are often used during times of crisis or inflation to protect consumers from sudden and excessive price hikes. c) During a price freeze, businesses are typically not allowed to raise their prices, even if their costs increase. This can lead to supply shortages if suppliers cannot cover their costs. "Under Republic Act 7581, otherwise known ...