steelblue1947 steelblue1947
  • 21-07-2017
  • Business
contestada

How do price ceilings and price floors restrict the free exchange of prices?

Respuesta :

meerkat18
meerkat18 meerkat18
  • 03-08-2017
Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
Answer Link

Otras preguntas

How are the codes (chemical formulas) for elements different than those for compounds?
The beginning of the war
Which statements about the early years of world war 2 are correct? Check all that apply
Electromagnetic waves have the ability to travel through empty space because they do not require a medium to travel through. True or False?
Real life example of both factor markets and product markets?
An item is regularly priced at $21 It is now priced at a discount of %35 off the regular price. Use the ALEKS calculator to find the price now. Click on "Explai
Public Opinion, Political Socialization, Parties and/or Media
If the population for town c is 95,000, and is decreasing at a rate of 2.5% every 2 years, what is the projected population of the town c in 2003?
a polygon is 18 In, 9 in , 18 in, 36 in ,and 18 in what is the area​
If g(x) is a linear function such that g(-3) = 2 and g(1) = -4, find g(7).