asked 166k views
3 votes
The government might enact a price ceiling in order to accomplish what?

A prevent rationing

B increase supply

C protect the poor

D get out of debt

2 Answers

5 votes

Answer:

To bring about a surplus

Step-by-step explanation:

answered
User Amey Dahale
by
7.6k points
6 votes

Answer:

A. prevent rationing

Step-by-step explanation:

Price ceiling occurs when the government puts a limit on the maximum price a seller of a good or service can charge. This is to prevent these sellers from charging exorbitant prices which would make the aforementioned good/service less affordable. If not controlled, they could hoard the products to sell them to buyers willing to pay the higher price. Price ceiling therefore prevents this rationing.

answered
User Loretoparisi
by
7.3k points
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