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Question
Are price ceilings good or bad?
Are price ceilings good or bad?
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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.
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.
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