Ask Question
10 October, 11:47

With the aid of a diagram differentiate between price ceiling and price floor as government intervention measeure

+3
Answers (1)
  1. 10 October, 12:02
    0
    Price Ceiling and Price Floor are example price controls. They are example of government intervention in the free market that changes the market equilibrium. Price floors are the minimum prices set by the government for certain commodities and services. Price ceiling is the price control imposed by the government or limit on how high a price is charged for a product.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “With the aid of a diagram differentiate between price ceiling and price floor as government intervention measeure ...” in 📗 Social Studies 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