wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Are price ceilings good or bad?


Open in App
Solution

Price ceiling is good for a short period of time but is bad in the long run as it will result in extra charges, shortages or lower quality products in the economy.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Market Interventions and Policy Failures
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon