Ask Question
25 July, 11:57

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

+1
Answers (1)
  1. 25 July, 12:26
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How do price ceilings and price floors restrict the free exchange of prices? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers