TomSavage TomSavage

20-12-2016
Business

contestada

explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist.

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BillyBobSingh BillyBobSingh

20-12-2016

A price ceiling is the maximum price a company is allowed to charge for that good. This is intended to assist the consumers so that they would not have to be an insane amount for a product.

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