bebopp2007 bebopp2007

13-07-2021
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Explain the effect of a price ceiling on the quantity by ceiling and the quantity of a good and who this intervention intends to assist

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Destinationymc Destinationymc

13-07-2021

Answer:

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

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