Why is maximum price legislation used - SS2 Economics Simple Application of Price Theory Question
Why is maximum price legislation used?
Ask EduPadi AI for a Detailed Answer
Maximum price legislation, or price ceilings, is typically used to help consumers by ensuring that prices do not rise above a certain level. This can be especially important in markets where there is a limited supply of a good or service, as it can prevent prices from becoming unaffordable for some consumers.
Please share this, thanks:
#SS2 #SS2
Add your answer
No responses