When does a government-imposed price ceiling effectively restrict the market?

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If it is set higher than the market equilibrium priceIf it is established below the market equilibrium priceIf it matches the market equilibrium price exactlyIf it is applied at any price, since all price ceilings limit the marketIf it is set above the highest price consumers are willing to pay

Explanation

A price ceiling only restricts the market when it is set below the equilibrium price, as this prevents prices from rising to their natural market level. If the ceiling is above or equal to the equilibrium price, it has no effect because the market price remains unchanged.