e1erchaHipmeg
contestada

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist.

Respuesta :

Price ceiling intend to assist the consumers by setting the maximum price that the sellers could sell to the market. This usually will lower the amount of goods that exist in the market. Mainly because many sellers will get a lot of their possible income cut off

hope this helps
pybrothepyro4

Answer:

The purpose of a price ceiling is to help consumers by establishing the highest price at which sellers can sell to the market. This frequently reduces the number of goods available on the market. Mostly because many sellers will lose a significant portion of their potential earnings.

Explanation:

ifunny is dankreloaded

Otras preguntas

Q&A Education