10 Jul Discussion of Price ceilling or price floor
Question Description
In order to help consumers, the government could impose a price ceiling, However, although it benefits some consumers, there are many negative short run and long run consequences. Pick a price ceiling and discuss those consequences.
OR
In order to help the producers, the government may impose a price floor. This also has both positive but also negative consequences. Pick a price floor and explain how a price floor impacts the consumer and producer in the short and long run.
You should include a live link to an article supporting your position, give an outline of the information in the article, make sure that you read what has been written to avoid repetition and expand on the topic.
Limit = 250 words
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