Advantages of a maximum price | Black market & a maximum price | Calculations & a maximum price | Ceiling Price | Maximum Price Control | Reasons for a maximum price
Given that adverse weather reduces the supply and the government will not allow the price to increase above OPe, how much of the good will the government need to supply from a buffer stock if the market is to clear?
What will be the outcome in a market for a product, if a government fixes a minimum price for it, above the market equilibrium price, but refuses to buy any of the commodity itself.
What is the main disadvantage of a price control?
What are price controls?
The government wants to reduce the cost of houses for rent. One option is to impose a price control. What is the correct economic term for this option?
An illegal trading arrangement in which buyers and sellers do business at a price higher than the legally imposed price ceiling is termed a?
A __________ can be set by the government in the interests of consumers to make products more affordable.
To be effective, a maximum price needs to be set:
The market is currently in equilibrium at P2. If an effective ceiling price is set the quantity demanded will:
The government wants to protect consumers from paying unreasonably high prices for goods or services. One option is to impose a price control. What is the correct economic term for this option?
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