Suppose the government wants to encourage Americans to exercise more,so it imposes a binding price ceiling on the market for in-home treadmills.As a result,

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When a price ceiling is implemented, the maximum price that can be charged is below the equilibrium price. This causes an increase in demand as consumers try to purchase the good at a lower price. However, the supply of treadmills will decrease because the manufacturers will no longer be able to sell their product at the higher equilibrium price. The result of the increase in demand and decrease in supply is a shortage of treadmills.

Suppose the Government Wants to Encourage Americans to Exercise More,so